Honda Motor Company posted stronger-than-expected earnings for its fiscal second quarter ended September, boosted by strong auto sales in North America as U.S. consumers continued to buy up cars.
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min )
The saver’s tax credit helps people earning modest incomes save more for retirement. Learn if you qualify and the advantages it provides.
( 27
min )
Managing your 401(k) wisely is key to a secure retirement, so don’t neglect accounts you might have had with former employers.
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min )
Earnings not subject to income tax, whether federal or state, are referred to as exempt income.
( 23
min )
Learn what distinguishes Roth, traditional, and SEP IRAs from one another and which of these retirement accounts might be the best for you.
( 28
min )
The Halloween Massacre refers to Canada’s 2006 decision to tax all income trusts domiciled in Canada.
( 25
min )
Nederland en de VS steggelen over de krimp van het aantal vluchten op Schiphol. KLM dreigt daardoor dubbel gestraft te worden: minder vluchten op Schiphol en minder vluchten naar de VS.
( 10
min )
We betalen te veel voor ons internet, televisie en vaste telefonie, concluderen telecomexperts. Dat komt volgens hen door beperkte concurrentie. Daardoor zijn er nauwelijks prikkels voor telecombedrijven om de prijzen te verlagen.
( 13
min )
Kernenergie is terug: politici botsen erover in verkiezingsdebatten en ook op ons platform NUjij is het een hot topic. De discussie over kernenergie bestaat al decennialang en de meningen erover beperken zich meestal tot vóór of tégen. NU.nl beantwoordt de belangrijkste vragen voor wie door de bomen het bos niet meer ziet.
( 12
min )
De vicevoorzitter van de raad van bestuur van het LUMC legt tijdelijk zijn functie neer. Pancras Hogendoorn doet dat na berichtgeving van Omroep West en Follow the Money, waaruit blijkt dat hij op de hoogte was van fraude door Europese onderzoeksubsidies.
( 9
min )
Kledingproducenten hebben zaterdag 150 fabrieken in Bangladesh "voor onbepaalde tijd" gesloten omdat het personeel protesteert voor een hoger minimumloon.
( 9
min )
Pakketbezorgbedrijven denken klaar te zijn voor de drukste tijd van het jaar. In de aankomende feestdagenperiode worden massaal meer busjes en personeel ingezet. Ook worden sorteercentra uitgebreid. Zowel DHL als PostNL verwacht geen vertragingen dit jaar.
( 8
min )
Verschillende havens in Australië zijn stilgelegd na een cyberaanval. De Australische regering heeft crisisoverleg belegd omdat toeleveringsketens van en naar het land mogelijk onder druk komen te staan.
( 3
min )
We betalen te veel voor ons internet, televisie en vaste telefonie, concluderen telecomexperts. Dat komt volgens hen door beperkte concurrentie. Daardoor zijn er nauwelijks prikkels voor telecombedrijven om de prijzen te verlagen.
( 13
min )
Retirees aren’t coming off the sidelines to rescue America's employers.
( 35
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Out of the Big Four airlines, American's valuation is the lowest by a wide margin, meaning that investors wager that it will do far, far worse going forward than its beaten-down peers.
( 41
min )
Many investors are taking a second look at bonds. Here are some options to consider.
( 28
min )
“I can be a lazy girl because I worked and hustled hard for 10 years, honing my skills and building an audience,” says former advertising manager, Lucy Hall.
( 35
min )
Executives from across the gold industry will next week gather at the five-star SO/ hotel in Dubai for the city’s annual Precious Metals Conference.
( 37
min )
The windfall is transforming entire regions, but some are starting to worry: What if China stops buying?
( 24
min )
Warren Buffett sold nearly $500 million of stocks in a 20-year period, and counted Walmart and Wells Fargo among his holdings, ProPublica reported.
( 35
min )
The key to minimizing your tax liability is reducing your taxable income by taking advantages of the tax credits and deductions you're eligible for.
( 25
min )
Cryptocurrency price predictions are easy to make but often difficult to justify, and less often come true.
( 24
min )
Learn the key differences between the standard 401(k) plan and the 408(k) plan, which is meant for smaller employers.
( 24
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 19
min )
The S&P 500 gained 1.6% on Friday, Nov. 10, 2023, rallying back from Thursday's selloff as bond yields retreated from higher levels seen following comments from the Fed chair.
( 17
min )
You generally must contribute to your Roth IRA by cash, check, or bank transfer—unless you do an in-kind transfer from another IRA or 401(k).
( 25
min )
The average rate on a 30-year mortgage dipped a bit lower again Thursday, to 7.88%, keeping it near its cheapest level since September. Rates for most loan types dipped.
( 19
min )
San Francisco Fed President Mary C. Daly said more rate hikes may be needed, while Atlanta Fed President Raphael Bostic said the Fed needed to wait.
( 18
min )
The EBITDA (earnings before interest, taxes, depreciation, and amortization) margin measures a company's profit as a percentage of revenue. Learn how it is used.
( 26
min )
Illumina missed revenue forecasts and cut its full-year outlook, citing "challenging" macroeconomic conditions.
( 17
min )
Understanding the rules for withdrawals from a Roth 401(k) will keep you from losing part of your retirement savings to taxes and penalties.
( 27
min )
The owner of brands such as Johnnie Walker, Guinness and Smirnoff said that weak demand in Latin America and the Caribbean will drag down fiscal first-half 2024 sales and profit.
( 17
min )
From saving for retirement to grouping medical expenses, here are some things for you to keep in mind when year-end tax planning.
( 26
min )
Estate executors use IRS Form 706: United States Estate (and Generation-Skipping Transfer) Tax Return to calculate estate tax and compute the generation-skipping transfer (GST) tax.
( 28
min )
Despite improvements in job security and household income, a majority of consumers said the economy is pointing in the wrong direction and it's making it difficult to buy a home.
( 17
min )
Bitcoin's Lightning Network is expected to help with Bitcoin's scalability issues, but the network faces several challenges. Here are three key issues.
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min )
A salary reduction contribution is a contribution to a retirement savings plan that is generally a percentage of an employee's compensation.
( 23
min )
U.S. equities advanced at midday, bouncing back from Thursday's declines as market participants kept a close eye on Treasury yields and comments from Fed officials.
( 16
min )
The Trade Desk shares plunged as the ad technology firm's current quarter outlook missed estimates on a pullback by some advertisers.
( 17
min )
Practical advice on saving for financial emergencies, college, and retirement, as well as goals such as a new car, a home, or launching a business.
( 28
min )
The Michigan Consumer Sentiment Index dropped to 60.4 in its preliminary November reading, a sharp drop from the previous month and well below economists' expectations.
( 17
min )
A spousal IRA is a strategy that allows a working spouse to contribute to an IRA in the name of a non-working spouse to circumvent income requirements.
( 24
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With the number of job openings persistently outnumbering the number of unemployed workers, it’s still a pretty good time to be a job seeker—although that varies a lot depending on the sector you work in.
( 17
min )
A tax bracket is a range of incomes subject to a certain income tax rate.
( 31
min )
Don’t lose out on the tax-free benefits of a Roth IRA by contributing too much or too little, withdrawing money too soon, or making another mistake.
( 32
min )
"It's an abuse of numbers," Saudi Arabia's energy minister said, as oil market participants are mistaking rising exports for rising production.
( 34
min )
The supermarket chain Booths says self-scan machines can be more trouble than they're worth.
( 34
min )
Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying reasons. Overall, hedge funds are underweight financials, at the lowest level since May 2020, Goldman Sachs said.
( 34
min )
Buying gold is the easy part. Selling it, by contrast, carries risks and can get expensive. Here's what to know.
( 35
min )
(Bloomberg) -- The mortgage on former President Donald Trump’s Manhattan tower at 40 Wall St. has been transferred to a special servicer. Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeWorld’s Biggest Bank Has to Trade Via USB Stick After HackNew ‘Call of Duty’ Draws Harsh Reviews After Rushed DevelopmentRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Saudis Find a Bottomless Money Pit in LucidThe Financial District building has be
( 34
min )
Is it time to place a trade with The Trade Desk (NASDAQ:TTD) stock? The Trade Desk’s quarterly results suggest that it’s a great time to take action, as the share price fell quickly. My contrarian instincts are telling me that there’s a major opportunity here, and I am cautiously bullish on TTD stock. Based in California, The Trade Desk offers a cloud-based platform that helps users manage digital advertising campaigns. Of course, The Trade Desk uses artificial intelligence (AI) since that’s pra
( 35
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A few stock segments offer stronger opportunities than the healthcare stocks. It’s not an easy sector to play, but veteran investors know that these stocks, despite their famously high overhead and long product lead times, can turn on a dime and deliver a win. It’s all tied into the nature of the biopharma industry. These companies spend fortunes researching new drugs and medical techniques – but their research can pan out in the form of multi-billion addressable markets. In the meantime, invest
( 37
min )
Bank of America director Thomas D. Woods recently bought $656,250 of shares of the bank on the open market.
( 21
min )
Shares of Hawaiian Electric Industries fell Friday after the banking and electric-utility company reported third-quarter results and updated investors on the [fallout from the Maui wildfire](https://www.wsj.com/us-news/climate-environment/hawaiian-electrics-ceo-told-congress-it-had-a-wildfire-plan-t
( 23
min )
Charles Schwab’s unrealized losses in a key part of its large bond portfolio widened in the third quarter to $19.4 billion as interest rates rose. Investors should pay attention.
( 33
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Financial guru Grant Cardone recently expressed skepticism about the traditional American Dream of homeownership, arguing that it is more of a financial burden than a benefit. In his view, the symbols of middle-class prosperity, such as cars, homes and college education, are hindering wealth accumulation. Cardone, set to release a new book titled "The Wealth Creation Formula," contends that owning a home is not the financial security it’s often believed to be. In an October interview with GoBank
( 34
min )
Nvidia (NASDAQ:NVDA) and Qualcomm (NASDAQ:QCOM) are semiconductor kingpins that have a lot to gain from the generative artificial intelligence (AI) race. AI isn’t the only significant growth driver, though, as both firms look to make a big splash into the CPU (central processing unit) chip waters, using none other than Arm’s (NASDAQ:ARM) technology. For those unfamiliar with Arm, it’s a firm that licenses its architecture to other companies seeking to create their own custom chips. As Nvidia and
( 36
min )
Li Auto is outselling Tesla in China. Its strategy is unique.
( 30
min )
The new income thresholds have been bumped by more than 5%.
( 34
min )
Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
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min )
Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog.
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min )
Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.
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min )
Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.
( 35
min )
(Bloomberg) -- T. Rowe Price Group Inc. said clients will likely withdraw more than $26.3 billion in the fourth quarter, extending a streak of redemptions by investors ditching actively managed mutual funds for cheaper products or cash money-market holdings.Most Read from BloombergWorld’s Biggest Bank Has to Trade Via USB Stick After HackAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeNew ‘Call of Duty’ Draws Harsh Reviews After Rushed DevelopmentRockstar Plans to Announce
( 34
min )
Shares of Broadcom were on pace for a record high Friday.
The stock was recently up more than 2% to more than $930, rising for a tenth day in 11 sessions. It will set a new record if it closes above $922.89, according to Dow Jones Market Data. It would mark the first record close since August.
The
( 23
min )
Wynn Resorts stock fell after the casino operator reported earnings. But Wynn has reached a deal with Las Vegas Strip workers before a key Friday deadline.
( 21
min )
(Bloomberg) -- US states’ tax revenue is sliding broadly, raising the prospect of difficult budget decisions in coming years for officials as they spend through cash amassed during the pandemic.Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeWorld’s Biggest Bank Has to Trade Via USB Stick After HackTrump’s 40 Wall St. Loan Transferred to Special ServicerNew ‘Call of Duty’ Draws Harsh Reviews After Rushed DevelopmentUS Credit-Rating Outlook Changed t
( 34
min )
Shares of Plug Power are down more than 30% Friday after the upstart hydrogen producer and fuel-cell maker warned it will struggle to stay afloat in the next year without raising additional cash.
The shares were on track for their lowest close since May 2020, according to Dow Jones Market Data.
Th
( 23
min )
Gene-sequencing company Illumina cuts its financial forecasts, prompting analysts to reduce their stock price targets.
( 23
min )
↘️ Illumina (ILMN): Shares dropped 12% after the maker of gene-sequencing products offered a gloomier outlook for sales and profits.
↘️ Trade Desk (TTD): The ad-tech company's stock fell abo
( 23
min )
Plug Power downgraded, Arm initiated: Wall Street's top analyst calls
( 35
min )
The equity risk premium is near a 20-year low, but that isn't a negative sign. Stocks tend to rise when the premium is at this level.
( 32
min )
(Bloomberg) -- Like nearly 20 million other Americans last Sunday, Aaron Klein was watching the Buffalo Bills go down against the Cincinnati Bengals. He was only half listening during a commercial break, checking his fantasy football scores, when an ominous voice broke from the usual pitches for beer or pickup trucks: “But now the Federal Reserve wants to impose unnecessary capital rules.”Most Read from BloombergWorld’s Biggest Bank Forced to Trade Via USB Stick After HackRockstar Plans to Annou
( 36
min )
Most Tesla stock arguments boil down to something very simple when considering the electric car maker's growth.
( 25
min )
Citi CEO Jane Fraser is cutting jobs and downsizing globally. With a 5% yield and cheap stock, Citi could pay off.
( 31
min )
Workers belonging to the United Auto Workers (UAW) at General Motors' Flint assembly plant in Michigan have narrowly voted against a proposed contract with the automaker, the union's local chapter said. UAW Local 598 said in a Facebook post on Thursday that 51.8% of votes cast were against the proposed deal. Union workers are voting on contracts from each of Chrysler-owner Stellantis, General Motors and Ford Motor, after the first coordinated strike against Detroit's Big Three automakers.
( 34
min )
Shares in Diageo sank after the Johnnie Walker whisky and Smirnoff vodka owner warned that sales and profit in the first half of its fiscal year would be weaker than expected.
The booze giant blamed a worsening macroeconomic environment in Latin America and the Caribbean, where it said consumers we
( 24
min )
Shares in Trade Desk, the streaming TV advertising infrastructure provider, plummet after a weak outlook. They may be oversold, say analysts.
( 22
min )
Veterans Day is celebrated annually in the U.S. on Nov. 11. This year, it falls on a Saturday.
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min )
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Don’t lose out on the tax-free benefits of a Roth IRA by contributing too much or too little, withdrawing money too soon, or making another mistake.
( 32
min )
The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation's cattle herd to its lowest level in decades, tightening margins for meat companies like Tyson Foods. The decline in cattle numbers, after years of drought fried pasture lands used for grazing, led to soaring U.S. beef prices. Higher prices incentivize companies to import cheaper beef and discourage U.S. beef purchases by buyers like China, Japan and Egypt.
( 36
min )
Mortgage rates are down slightly, the number of homes for sale is up, and sellers are dropping their asking price, according to a new Redfin report.
( 36
min )
Diageo’s shares have plunged after the Johnnie Walker and Guinness owner warned of a major slowdown in sales and warned over profits.
( 35
min )
Plug Power reports a third-quarter loss wider than a year earlier and revenue that misses analysts' expectations, while Trade Desk's outlook for the fourth quarter is shy of Wall Street estimates.
( 25
min )
Plug Power stock tumbled after it issued a warning over its financial position. The hydrogen-technology company looks to be in dire need of a governemnt tax credit and a potential loan to turn its fortunes round.
( 23
min )
Diageo shares had their worst one-day fall in more than three years after the liquor maker cut its guidance for both the short and medium term.
( 25
min )
"These impacts are slowing down progress in reducing channel inventory to appropriate levels for the current environment." Latin America and Caribbean makes up nearly 11% of the company's net sales, according to Diageo. Diageo's financial year 2023 ended on June 30.
( 33
min )
CEO Amnon Shashua is taking on Tesla and Elon Musk in self-driving—and he might just win.
( 39
min )
A long-awaited bounce for Old World shares relative to the U.S. hasn’t happened yet. But consider these cash-flow favorites from Oakmark International manager David Herro just the same.
( 32
min )
Stocks related to wind, solar and other forms of renewable energy have fallen by a third this year. Only a handful may be ready to rebound.
( 47
min )
A sea of red awaits Europe as investors gave up any attempt at a rally in risk assets, after Fed Chair Jerome Powell made it clear that tackling inflation remains the central bank's main concern and warned that rate hikes are still on the table. Since the Fed left rates unchanged last week, markets had increasingly grown confident that the peak in U.S. rates was in sight. Futures indicated the dark mood was set to continue in European bourses.
( 33
min )
The country’s factories lack customers and are pushing exports harder, raising trade tensions.
( 25
min )
(Bloomberg) -- Trade Desk Inc. plummeted as much as 31% in extended trading Thursday after the digital advertising platform gave a weak revenue forecast for the current quarter, sending up a warning flare about the health of the ad market.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Saudis Find a Bottomless Money Pit in LucidTwo-Year Yield Tops 5% on Powell’s ‘Sterner’ Tone: Markets WrapIsrael Latest: US Says Forces Attacked Again After Syria StrikeNew
( 35
min )
Wie een zorgverzekering bij Univé heeft, betaalt daar volgend jaar 147,30 euro premie per maand voor. Dat is een verhoging van vijf euro. Daarmee blijft ook bij deze verzekeraar de stijging onder de 12 euro die de overheid had verwacht.
( 8
min )
Een Nederlandse munt van 1 cent is deze week in Veldhoven verkocht voor een recordbedrag van 110.000 euro, schrijft de Gelderlander. Nog nooit werd in ons land zo veel geld betaald voor 1 cent.
( 9
min )
Het Openbaar Ministerie eist een boete van 2,5 miljoen euro tegen twee chemische bedrijven op het Limburgse bedrijventerrein Chemelot. Het gaat om AnQore en OCI. Eerder eiste het OM al een boete voor Sabic.
( 5
min )
De AOW-leeftijd blijft in 2029 ongewijzigd, schrijft minister Carola Schouten in een brief aan de Tweede Kamer. Net als in het jaar ervoor krijgen mensen AOW vanaf 67 jaar en 3 maanden.
( 8
min )
De productie van de Nederlandse industrie ligt nog steeds aanzienlijk lager dan een jaar geleden. Sinds januari is al een daling te zien. Vooral machineproducenten maken minder.
( 9
min )
Het Openbaar Ministerie eist een boete van 2,5 miljoen euro tegen AnQore. De fabrikant heeft volgens justitie te weinig gedaan om een groot blauwzuurlek te voorkomen. Het is het tweede bedrijf op het industrieterrein Chemelot dat deze week voor de rechter moet verschijnen.
( 10
min )
De Finse politie heeft bewijs dat het anker dat dicht bij een beschadigde gaspijpleiding in de Oostzee werd gevonden, waarschijnlijk van een Chinees containerschip was. Dat schip wordt al langer in verband gebracht met het lek dat vorige maand ontstond aan de Balticconnector-leiding.
( 9
min )
CZ en Zilveren Kruis verhogen de maandpremie van hun meestgekozen basisverzekeringen. Eerder maakten ook VGZ en Menzis al premiestijgingen bekend. Volgens de twee grootste zorgverzekeraars met samen 9 miljoen klanten blijven de kosten stijgen door loonstijgingen en omdat we steeds meer zorg gebruiken.
( 10
min )
Een voormalige topman van China Citic Bank is vanwege corruptie ter dood veroordeeld. Sun Deshun zou voor omgerekend 125 miljoen euro aan smeergeld hebben ontvangen. Hij bekende vorig jaar tijdens de rechtszaak schuld.
( 8
min )
Baggeraar en maritiem dienstverlener Boskalis is bezig aan "een van de beste jaren" in zijn bestaan. Het bedrijf heeft in het afgelopen kwartaal de opdracht gekregen de Fremantle Highway te bergen en heeft het beste derde kwartaal ooit beleefd.
( 9
min )
Zorgverzekeraar Zilveren Kruis verhoogt de maandpremie voor de meestgekozen basisverzekering van 138,95 euro naar 147,45 euro. Eerder maakten ook VGZ en Menzis al premiestijgingen bekend. Volgens Zilveren Kruis-directeur Georgette Fijneman blijven kosten stijgen omdat we steeds meer zorg gebruiken.
( 9
min )
De Britse economie bleef in het derde kwartaal van dit jaar steken op een nulgroei. Dit betekent dat de economie niet kromp, maar ook niet groeide. Dat blijkt uit cijfers van het Britse statistiekbureau ONS.
( 8
min )
Onderhandelaars van de EU-landen en het Europees Parlement zijn het eens geworden over de veelbesproken natuurherstelwet. De wet, die het verlies van plant- en diersoorten in Europa moet stoppen, scheerde meermaals langs de rand van de afgrond.
( 10
min )
De productie van de Nederlandse industrie ligt nog steeds aanzienlijk lager dan een jaar geleden. Sinds januari is al een daling te zien. Vooral machineproducenten maken minder.
( 9
min )
De meest gekozen zorgverzekering van VGZ kost in 2024 146,95 euro per maand. Dat is 5 euro meer dan dit jaar. Ook Menzis kwam gisteravond met een hogere premie (5,50 euro meer). Naast loonstijgingen en inflatie komt dat volgens VGZ doordat we langer leven en steeds meer zorg vragen.
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min )
De meest gekozen zorgverzekering van VGZ kost in 2024 146,95 euro per maand. Dat is 5 euro meer dan dit jaar. Ook Menzis kwam gisteravond met een hogere premie (5,50 euro meer). Naast loonstijgingen en inflatie komt dat volgens VGZ doordat we langer leven en steeds meer zorg vragen.
( 7
min )
De meest gekozen zorgverzekering van VGZ kost in 2024 146,95 euro per maand. Dat is 5 euro meer dan dit jaar. Ook Menzis kwam gisteravond met een hogere premie (5,50 euro meer). Naast loonstijgingen en inflatie komt dat volgens VGZ doordat we langer leven en steeds meer zorg vragen.
( 13
min )
If some economists' forecasts come true, household budgets could get relief from rapid cost-of-living increases and the upward pressure on interest rates for all types of credit.
( 19
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 19
min )
Officials at the Federal Reserve said they might raise the central bank’s benchmark interest rate over its current 22-year high—but markets, for the most part, don’t believe them.
( 19
min )
The S&P 500 fell 0.8% on Thursday, Nov. 9, 2023, after Fed Chair Jerome Powell suggested that more steps may be needed to bring down inflation.
( 17
min )
By taking charge of their finances, women can create sustainable retirement plans and help close the gender savings gap.
( 25
min )
To recommend the best health insurance companies, we evaluated nine leading health insurers across 27 criteria, including cost, quality, plan features, and more.
( 24
min )
Discover the differences between Bitcoin and credit card transactions, as well as the advantages of using one over the other.
( 24
min )
Lower-than-anticipated losses and the announcement of an 18% headcount reduction have contributed to a boost in Virgin Galactic's stock price.
( 17
min )
If you want to get into house flipping but don't have the cash to invest, read on for options.
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min )
If there is no relationship between the two companies, then yes, collectively up to the contribution amount allowed by the IRS.
( 19
min )
Affirm shares skyrocketed after the company posted better-than-expected results on booming volumes and efforts to limit the impact of delinquencies.
( 17
min )
AMC Entertainment announced another stock sale to boost the struggling theater chain's finances, and shares sank.
( 17
min )
Married couples filing jointly will receive a standard deduction of $29,200, an increase of $1,500 from the year before.
( 17
min )
Tesla is raising the prices of its refreshed Model 3 and Model Y long-range vehicles in China after a style revamp.
( 17
min )
Apple suffered a blow in a European court case over taxes after a tribunal was said to have made errors in a previous ruling in favor of the tech giant.
( 18
min )
Disney, Paramount, and Warner Bros. Discovery shares rose in intraday trading Thursday after studios reached a tentative deal with striking actors.
( 17
min )
Singles' Day is a holiday celebrated by unmarried people in China and is known for being the largest online shopping event in the world.
( 24
min )
The price of the Ethereum network's underlying base crypto asset spiked after a filing in Delaware indicated that Blackrock may be considering an ETF.
( 18
min )
Find out what to do if your employer doesn't offer a 401(k) retirement savings plan, including alternative investment options.
( 27
min )
As the reality of the resumption of student loan payments sinks in, more borrowers are joining a new repayment plan that sets monthly payments for 2.9 million borrowers at $0 per month.
( 18
min )
After years of unprecedented expansion, growth in China showed signs of persistent slowing in the 2010s. Did the U.S. need to worry or would it benefit?
( 24
min )
First Republic Bank’s CD rates are relatively high, but they have a high minimum balance requirement as well. Learn more and see if First Republic is right for you.
( 21
min )
Disney shares surged after beating profit estimates and saying it would cut costs, while Tesla shares fell after HSBC initiated coverage with a “reduce” rating.
( 16
min )
Here are some instances when it's wise to take money out of this tax-free investment account.
( 25
min )
The U.S. government could try to control its spiraling debt costs by capping the yields on the bonds it issues. But such a move, though not unprecedented, would risk reigniting inflation.
( 20
min )
Rates on 30-year mortgages dipped a bit lower Wednesday, keeping the average near its cheapest level since September. Rate movement was slight across all loan types.
( 19
min )
Learn what to watch for before you find yourself drowning in debt or filing for bankruptcy.
( 27
min )
AstraZeneca raised its guidance on higher demand for its cancer treatments and signed a licensing agreement with Eccogene for the Chinese company's experimental weight-loss pill.
( 18
min )
Low-income loans can help those with limited income access funds for emergency expenses or other needs. Learn more about the types of loans available, eligibility requirements, and how to apply.
( 24
min )
A range of online companies offer personal loans for $35,000 or more with reasonable rates and terms.
( 24
min )
There are plenty of purposes of a $5,000 personal loan, with top options including debt consolidation and financing large purchases.
( 23
min )
Military personnel have a number of options for saving and investing. Learn how military retirement plans work and how to save as a service member.
( 27
min )
Arm reported record revenue in its first report since going public, but ADRs fell as its current quarter guidance missed analyst estimates.
( 17
min )
An IRA transfer is the act of moving funds from an individual retirement account (IRA) to a retirement account, brokerage account, or bank account.
( 25
min )
Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base.
( 25
min )
Read about the six biggest Canadian natural gas companies as measured by market capitalization.
( 21
min )
U.S. consumers spent $10.6 billion on Halloween in 2022, with 2023 numbers expected to tally $12.2 billion.
( 21
min )
Retiring successfully if you're a small business owner requires both an exit strategy and a bulletproof retirement plan, both for you and your staff.
( 22
min )
A bearer bond is a fixed-income instrument that is owned by whoever has possession of it. Like cash, it has no registered owner.
( 23
min )
The U.S. Department of Veterans Affairs was the name given to the Veterans Administration when it was elevated to a Cabinet-level department in 1988.
( 24
min )
If you are a military retiree or veteran, you should know about medical care benefits you may be missing.
( 31
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The Veterans Administration, known today as the Department of Veterans Affairs, provides medical care, benefits, and other services to veterans.
( 23
min )
Read more about how SIMPLE IRAs work under ERISA rules, which cover most employer-sponsored retirement plans.
( 24
min )
A bond rating is a grade given to bonds that indicates their credit quality. Learn how credit rating agencies assign bond ratings.
( 23
min )
Both traditional IRAs and Roth IRAs can be opened for kids of any age and the benefits range from the savings themselves to learning about money.
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Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 21
min )
Casino operator Wynn Resorts beat third-quarter profit estimates on Thursday
( 34
min )
A jury said Robert De Niro’s company should pay more than $1.2 million to his former personal assistant after finding his production company engaged in gender discrimination and retaliation. While the jury found De Niro was not personally liable for the abuse, they said his production company, Canal Productions, should make two payments of $632,142 to his longtime personal assistant, Graham Chase Robinson. De Niro, who spent three days at the two week-trial, including two on the witness stand, has been ensnared in dueling lawsuits with Robinson since she quit in April 2019.
( 35
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U.S. wood pellets have never been more in demand around the world as a replacement for coal. Yet investors are dumping shares of the biggest U.S. pellet exporter after it warned that it may not be able to remain in business.
Enviva—which grinds up trees at facilities across the South and [ships the
( 24
min )
In the early days of the electric vehicle (EV) market, automobiles were sold at a premium. Tesla Inc. unveiled the Model S in March 2009 with a base price of $57,400. And that was nearly 15 years ago. However, the EV market is experiencing a shift. With availability on the rise, two things are happening: EV sales are following suit and price reductions are taking place. Every EV maker is being impacted by this shift, with Tesla in the crosshairs. Don’t Miss: Until 2016 it was illegal for retail
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Married couples filing jointly will receive a standard deduction of $29,200, an increase of $1,500 from the year before.
( 19
min )
(Bloomberg) -- Individual investors who had been behind the stock-market rally this year pulled more money from US equities in October than they have in any month over the past two years.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Two-Year Yield Tops 5% on Powell’s ‘Sterner’ Tone: Markets WrapGriffin Says Peace Dividend Over, High Inflation to Last DecadesSaudis Find a Bottomless Money Pit in LucidNew Ozempic Rival Is About to Make Your Weight Loss Dr
( 33
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The U.S. Treasury had sold three-year and 10-year notes earlier in the week, which came out relatively better than expected given the increase in auction sizes from the previous month. The fight to restore price stability "has a long way to go," the Fed chair said.
( 35
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(Bloomberg) -- Treasuries tumbled and stocks pushed lower after Jerome Powell threw cold water on Wall Street’s dovish bid by saying officials aren’t fully convinced they have tightened enough.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Griffin Says Peace Dividend Over, High Inflation to Last DecadesUS 30-Year Mortgage Rate Tumbles by Most in More Than a YearIsrael Latest: Army Says Daily Pauses to Let Gazans Flee SouthStocks Fall, Yields Climb After
( 37
min )
The equity risk premium is near a 20-year low, but that isn't a negative sign. Stocks tend to rise when the premium is at this level.
( 26
min )
The IRS has released the new tax brackets for tax year 2024.
( 22
min )
The IRS is rolling out new income thresholds for its seven tax brackets, boosting the limits to reflect inflation this year.
( 34
min )
Lack of demand for longt-term Treasury bonds at a Thursday auction casued yields to spike and stocks to sink.
( 19
min )
The Internal Revenue Service announced its annual inflation adjustments to federal income-tax brackets for 2024
( 27
min )
U.S. electric vehicle startup Fisker is negotiating with five carmakers over a partnership to secure additional production capacity for its vehicles, its Chief Executive Henrik Fisker said on Thursday. The CEO told Reuters in May he was exploring partnerships with everyone from suppliers to tech companies to scale up production. The California-based startup has one vehicle on the market - an SUV called "Ocean", being launched from a factory in Austria operated by a unit of Magna International Inc. Two further models, a pickup and a smaller SUV, are due to be released by 2025.
( 34
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The biotech industry has been in the limelight since the COVID-19 pandemic, with public and private sectors pouring in funds to bolster innovation and the development of relevant drugs. Approximately 63% of public biotech firms reported revenue growth in 2021. Emerging biotech companies, which have annual revenue below $500 million, recorded a median 40% annual revenue growth rate, outpacing industry giants, which reported a lower 35% average annual revenue growth rate. While the pandemic-relate
( 36
min )
In an interview with Yahoo! Finance published in 2017, legendary investor Warren Buffett pinpointed a fundamental error many investors make. Buffett, known for his simple yet effective investment philosophy, highlighted the pitfalls of overconfidence in the market. Buffett’s investment strategy, often summarized as buying stocks when they’re affordable and holding onto them, has stood the test of time. Yet, he observes that investors repeatedly fall into the same traps. During an interview in Om
( 34
min )
One of this year’s hottest stocks is on pace for its worst day of the year.
Eli Lilly shares are down nearly 5% on Thursday morning. If shares close at current prices, it will be the worst day for the stock in at least about a year, according to Dow Jones Market Data.
Lilly shares are still up mor
( 23
min )
IBM will replace its 401(k) match with a "retirement benefit account." What it means and how it can affect retirement savings for employees and you.
( 35
min )
Disney stock rose on Thursday as CEO Bob Iger plans more cost cuts. Analysts are cautiously optimistic that could help the shares move higher from their current nine-year lows.
( 23
min )
(Bloomberg) -- Mark Spitznagel, the Universa Investments founder and chief investment officer whose firm is advised by Black Swan author Nassim Nicholas Taleb, said the stock market is likely to surge — then turn drastically when the Federal Reserve starts cutting interest rates. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearGriffin Says Peace Dividend Over, High Inflation to Last DecadesAdam N
( 34
min )
Movie-theater chain AMC files to offer up to $350 million of stock.
( 20
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Thursday, HSBC launched coverage of Tesla stock with a Sell rating and $146 price target.
( 22
min )
Bitcoin and other cryptocurrencies rallied Thursday to fresh 18-month highs, carrying forward the momentum from a recent rally and supported by a number of factors that suggested gains can continue.
( 30
min )
Copart, the world's largest auctioneer of salvaged vehicles, is gaining market share and growing margins. It's an under-the-radar growth stock story.
( 41
min )
Instacart posted better-than-expected results in the grocery delivery company’s first earnings report since it went public in September.
( 23
min )
Space tourism company Virgin Galactic reported a third-quarter per share loss of 28 cents from sales of $1.7 million. Wall Street was looking for a 42 cent loss from sales of $1.1 million.
( 22
min )
WeWork's co-founder and former chief executive exited four years ago as a billionaire. As WeWork slogs through bankruptcy, there's a further twist in the tale, The Wall Street Journal's Eliot Brown reports.
SoftBank has hundreds of millions of dollars in outstanding loans to Adam Neumann that are b
( 22
min )
Thursday, HSBC launched coverage of Tesla stock with a Sell rating and $146 price target.
( 21
min )
Chief Executive Officer Chip Brewer says the company is "taking decisive action" to cut costs.
( 20
min )
The Maryland-based biotech has flagged concerns about its ability to remain in business and has been banking on cost cuts and commercial sales of its retooled COVID shot to help it stay afloat. In a regulatory filing on Thursday, Novavax said it had $666 million in cash as of Sept. 30.
( 33
min )
Nvidia is reported to be lining up new chips for the Chinese market as it looks to satisfy U.S. regulations on the export of technology to China.
( 21
min )
Better-than-expected earnings from Li Auto have shares of the Chinese electric-vehicle maker rising Thursday.
( 22
min )
An executive at a video-streaming platform and another at a pharmaceutical company joined the growing list of Chinese business and political figures who have vanished or been detained this year.
( 29
min )
Estate planning usually involves determining how to pass assets on to younger generations. But instead of leaving a piece of real estate, bank account or burgeoning stock portfolio to your children, the smarter tax move might be to leave those assets to your parents. That's the crux of a clever tax minimization strategy known as […] The post ‘Upstream Gifting’ Can Help You Avoid Estate Taxes and Preserve Your Stepped-Up Basis appeared first on SmartReads by SmartAsset.
( 36
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(Bloomberg) -- It’s the buzz word on Wall Street and in the hallways of the Federal Reserve and Treasury Department. It’s blamed for triggering bond selloffs, shifts in debt auctions and interest-rate policy. That few agree on what exactly it reflects, or how to measure it, seems to matter little — the term premium is a powerful new force in the market.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a
( 36
min )
Walt Disney's earnings beat estimates and subscribers surge, chip designer Arm issues a disappointing forecast, and Applovin's profit exceeds analysts' expectations.
( 26
min )
(Bloomberg) -- Oil demand is healthy and speculators are to blame for the recent drop in crude prices, said Saudi Arabia’s energy minister. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearAdam Neumann Remains a Billionaire Even With WeWork BankruptcyVirginia Democrats Fend Off Republican Sweep in Win for Abortion RightsEverything We Know About Grand Theft Auto 6 Right Now“It’s not weak,” Prince A
( 33
min )
Nvidia is planning to release three new chips for China, local media reported on Thursday, weeks after the U.S. blocked it from selling two high-end artificial intelligence (AI) chips and one of its top gaming chips to Chinese firms. The STAR Market Daily news outlet, citing people familiar with the matter, said that the chips are called the HGX H20, L20 PCIe and L2 PCIe and that Nvidia could announce them on Nov. 16 at the earliest. Nvidia declined to comment when asked about the report.
( 34
min )
Bitcoin is up over 32% in the past month.
( 33
min )
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) is the undisputed leader in the global technology industry, with a wide range of products and services that are familiar to billions of people. That alone sums up the case for Alphabet; it has no equal in what it does, and it is far ahead of the competition. The company is also making huge investments in its AI segment and reaping the benefits. Don’t let the market’s reaction to some of its growth figures fool you; Alphabet remains unparalleled. However, the
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"That's to deal with the tough rock that contains a lot of things that heretofore we weren't able to produce," Hamm explained at an energy conference.
( 35
min )
Bijna 80 procent van alle Nederlanders van twaalf jaar of ouder beschikt over digitale basisvaardigheden. In geen enkel ander Europees land kunnen zoveel mensen overweg met de computer, internet of software.
( 9
min )
Het Europees Parlement heeft donderdag een resolutie aangenomen waarin de EU-landen worden opgeroepen om strenger toe te zien op het Europese sanctiepakket tegen Rusland. Het parlement vindt dat de EU-landen het Rusland te gemakkelijk maken om de sancties te omzeilen.
( 9
min )
Coöperatie Menzis verhoogt in 2024 de premie voor de basisverzekering met 5,50 euro. Daarmee komt het maandbedrag voor verzekerden op 146,75 euro. Het demissionaire kabinet raamde dat iedereen ongeveer 12 euro meer zou gaan betalen in 2024.
( 9
min )
Een liter diesel kost donderdag 1,998 euro, meldt consumentencollectief UnitedConsumers. Het is voor het eerst sinds begin september dat de adviesprijs van diesel onder de 2 euro ligt.
( 9
min )
Het Europees Parlement heeft donderdag een resolutie aangenomen waarin de EU-landen worden opgeroepen om strenger toe te zien op het Europese sanctiepakket tegen Rusland. Het parlement vindt dat de EU-landen het Rusland te gemakkelijk om de sancties te omzeilen.
( 9
min )
Videochatdienst Omegle is door de eigenaar offline gehaald omdat het online platform door sommige gebruikers werd misbruikt. Via de dienst werden gebruikers willekeurig aan elkaar gekoppeld voor een videogesprek.
( 8
min )
Eigenaren van nieuwbouwhuizen kunnen de komende jaren mogelijk hogere huurprijzen vragen. Het gaat dan om nog te bouwen woningen in het middensegment. Dat voorstel doet demissionair woonminister Hugo de Jonge, die hoopt dat een aantal nieuwbouwprojecten hierdoor weer wordt opgestart.
( 9
min )
Grote kledingmerken als H&M moeten meer gaan betalen voor kleding uit fabrieken in Bangladesh. De regering in het land heeft het minimumloon flink verhoogd en kledingfabrieken gaan dat doorberekenen aan internationale kledingmerken.
( 8
min )
Door de loonstijgingen van 2023 kijken meer mensen in Nederland uit naar een koopwoning. Zo kunnen hogere inkomensgroepen soms tot wel 50.000 euro meer lenen dan een jaar eerder. Maar daardoor gaan de huizenprijzen wel omhoog.
( 10
min )
Grote kledingmerken als H&M moeten meer gaan betalen voor kleding uit fabrieken in Bangladesh. De regering in het land heeft het minimumloon flink verhoogd en kledingfabrieken gaan dat doorberekenen aan internationale kledingmerken.
( 8
min )
Terwijl toezichthouder ACM in Nederland onderzoekt of we te weinig spaarrente krijgen door gebrekkige concurrentie van banken, is de Belgische concurrentiewaakhond daar al over uit. De vier grote banken zijn te dominant, oordeelt de BMA.
( 10
min )
Winkelketen Action gedijt goed nu prijsbewuste consumenten proberen te besparen. De omzet van het bedrijf is in de eerste negen maanden ruim 30 procent gestegen, mede door winkelopeningen in Duitsland, Oostenrijk en Italië.
( 9
min )
Dieven hebben het gemunt op e-bikes, scooters en bedrijfsauto's. Niet eerder zijn er zo vaak onderdelen gestolen als in de eerste negen maanden van dit jaar. In 2012 is de politie begonnen met het bijhouden van deze cijfers.
( 9
min )
Cryptomunt bitcoin is voor het eerst sinds april 2022 meer waard dan 34.000 dollar (31.800 euro). Beleggers zijn positief over de mogelijkheid om via beleggingsfondsen in de munt te investeren. De waarde van de bitcoin is sinds begin dit jaar al meer dan verdubbeld.
( 8
min )
China kampt weer met deflatie. De consumentenprijzen waren in oktober 0,2 procent lager dan een jaar eerder. Dit laat zien dat de bestedingen van Chinezen achterblijven. In juli had het land ook al te maken met deflatie.
( 9
min )
Dieven hebben het gemunt op e-bikes, scooters en bedrijfsauto's. Niet eerder werden er zo vaak onderdelen gestolen als in de eerste negen maanden van dit jaar. In 2012 begon de politie met het bijhouden van deze cijfers.
( 9
min )
Richard Branson's Virgin Galactic space tourism firm plans to lay off about 18% of its employees as it faces turbulent headwinds in the capital markets, the company says.
( 36
min )
Revenue at Affirm was $497 million, up 37% from the year-ago quarter and well-ahead of the $444 million forecast by analysts surveyed by FactSet.
( 22
min )
AMC Entertainment Holdings beat third-quarter revenue estimates on Wednesday, riding on the success of "Barbie" and "Oppenheimer" movies as volumes of theatrical releases also improved at the box office. The movie theater chain posted revenue of $1.41 billion for the quarter ended Sept. compared with market estimates of $1.26 billion, according to LSEG data.
( 33
min )
Former President Donald Trump has vehemently criticized Governor Ron DeSantis’s approach to the Florida insurance market, condemning what he sees as protections for insurance companies that disadvantage state residents — particularly those hit by hurricanes. Trump labels DeSantis-supported legislation as a historic “insurance company bailout,” arguing it intensifies homeowners’ financial distress. Extending his rebuke to legislative actions, Trump singles out House Bill 837 and Senate Bill 236,
( 34
min )
Revenue at Affirm was $497 million, up 37% from the year-ago quarter and well-ahead of the $444 million forecast by analysts surveyed by FactSet.
( 22
min )
Hedge fund manager David Einhorn, whose Greenlight Capital gained 27.7% in the first nine months of 2023, said he is "worried about the direction of the market", bracing for higher oil prices and ready to buy beaten-down stocks. Einhorn's views on markets and specific stocks are widely watched for clues about investment trends. "Current extreme levels of geopolitical tension will lead to lower stock prices over a time frame that lasts more than a couple of hours," Einhorn and his team wrote to investors on Wednesday in a letter seen by Reuters.
( 34
min )
Markets have been highly volatile over the past few months, shifting rapidly between ups and downs. However, Bank of America strategist Savita Subramanian sees a strong ‘Buy’ signal that investors should note. Subramanian is pointing out the Sell Side Indicator, a sentiment gauge with an accurate history of identifying shifts in sentiment on Wall Street. Currently, the indicator is three times closer to ‘Buy’ than ‘Sell,’ a position that suggests a bullish future for equities.” “The SSI has been
( 37
min )
"Dr. Doom" is launching the Atlas Climate Token, a stablecoin backed by a portfolio of liquid assets.
( 34
min )
The alternative benchmark offers a better view of America’s stockmarket
( 36
min )
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( 19
min )
Media and theme-park giant Walt Disney is set to report its latest quarterly financial results after the closing bell today. Here's what Wall Street anal
( 24
min )
Warner Bros. Discovery Chief Executive David Zaslav said the company is now in a position to spend more on potential acquisitions after paying off billions of dollars of debt.
“We could be really opportunistic over the next 12 to 24 months,” Zaslav said on a call with analysts to discuss the compan
( 24
min )
Financial advisors describe the most common blunders they see very wealthy people make.
( 22
min )
Steve Ballmer, once an assistant to Bill Gates at Microsoft, is now ranking just a few spots away from his former boss on the list of the world’s richest people. According to Bloomberg, Ballmer’s net worth soared to $117 billion in October 2023, placing him as the fifth-richest globally, just $5 billion short of Gates’ wealth. Gates has donated a substantial part of his fortune to charity since leaving Microsoft. According to Forbes’ real-time billionaires list on Nov.8, 2023, Steve Ballmer’s ne
( 35
min )
Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.
( 37
min )
A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by … Continue reading → The post Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000 appeared first on SmartAsset Blog.
( 35
min )
Virgin Galactic says it will cut jobs and expenses to focus on producing its lower-cost Delta spaceships.
( 19
min )
CEO Kate Johnson bought 1 million shares of Lumen Technologies stock last week as it dipped into penny-stock territory.
( 28
min )
Bitcoin and other cryptocurrencies were rising Wednesday, nearing recent highs amid a bevy of positive factors buoying digital assets.
( 23
min )
Virgin Galactic says it will cut jobs and expenses to focus on producing its lower-cost Delta spaceships.
( 19
min )
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( 21
min )
The IT infrastructure provider Kyndryl, spun out of IBM two years ago, raised its forecast for full-year 2023 adjusted pretax income.
( 24
min )
Warner Bros. Discovery said its streaming business swung to a profit but lost subscribers in the third quarter, while a downturn in advertising weighed on its cable-networks unit.
Warner Bros. Discovery—whose assets include cable channels such as CNN, TNT, and HBO, the Warner Bros. movie studio and
( 24
min )
EV start-up Fisker adjusted the timing of its third-quarter earnings release. Investors didn't like that decision. Its stock is tanking.
( 21
min )
The Mediterranean take-out restaurant chain Cava Group said revenue jumped almost 50% from the same period last year. It reported an unexpected profit.
( 21
min )
The company, in its latest healthcare push, plans to offer its millions of Amazon Prime subscribers a low-cost annual membership to One Medical, the primary-care business it purchased for $3.9 billion.
( 30
min )
Roblox stock jumped as a smaller-than-expected loss trumped a sales miss.
( 18
min )
Rivian now expects to build more than six times the number of electric vehicles that Lucid now aspires to for this year.
( 35
min )
Americans’ credit card balances have hit a record high.
( 35
min )
Teva Pharmaceutical Industries reported slightly higher third-quarter profit, helped by sales of its Austedo treatment for Huntington's Disease, and said production in Israel was unaffected by the country's war with Hamas in Gaza. The world's largest generic drugmaker said on Wednesday it earned 60 cents per diluted share excluding one-time items in the July-September quarter, up from 59 cents per share a year earlier. Revenue rose 7% to $3.9 billion, with Austedo sales up 30% in North America to $339 million.
( 34
min )
The Mortgage Bankers Association on Wednesday said the average contract rate on a 30-year fixed-rate mortgage dropped in the week ended Nov. 3 by a quarter percentage point to 7.61%, the lowest in about a month. That months-long updraft in yields saw a sharp reversal last week after the U.S. Treasury said upcoming debt issuance would be somewhat less than previously expected and the Federal Reserve left its key overnight policy rate on hold for a second straight meeting.
( 34
min )
“We’re just hitting a ‘law of large numbers’ situation here,” Musk admitted recently.
( 37
min )
(Bloomberg) -- The average 30-year mortgage rate plunged last week by the most in more than a year, helping generate the biggest advance in home purchase applications since early June.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseXi to Meet US Business Leaders for Dinner in San FranciscoWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtApple Delays Work on Next Year’s iPhone, M
( 33
min )
Since he was hired a year ago, CEO Christopher Viehbacher has led efforts to cut expenses and help Biogen recover from its missteps around the controversial Alzheimer's drug Aduhelm that never gained traction. Biogen is banking on the success of Leqembi and tuck-in deals like its recent $6.5 billion buyout of Reata Pharmaceuticals to grow its revenue. It has incurred integration costs of about $30 million related to the acquisition.
( 34
min )
Rockstar Games plans to announce Grand Theft Auto VI this week before a trailer next month, according to a report.
( 19
min )
Adam Neumann, the billionaire founder of WeWork, said the company "has failed to take advantage of a product that is more relevant today than ever before" since he left.
( 35
min )
Sequoia Capital is one of Silicon Valley's biggest and most sophisticated investment firms. So how did it get taken by the crypto scammer Sam Bankman-Fried?
( 38
min )
Rivian raises production guidance, Robinhood's third-quarter revenue misses analysts' expectations, and Upstart posts a wider-than-expected quarterly loss.
( 26
min )
Virgin Galactic says it will cut jobs and expenses to focus on producing its lower-cost Delta spaceships.
( 19
min )
Bayer CEO Bill Anderson said he is looking at various structural options for the company but ruled out splitting the group into three businesses.
( 27
min )
Disney stock is down 3% this year, as linear TV struggles and streaming slows. What to expect from earnings.
( 30
min )
AMC Entertainment's results, set to be released after tonight's closing bell, will be all about this summer's blockbuster movie phenomenon known as Barbenheimer. AMC stock is down 71% so far this year and fell more than 6% on Tuesday.
( 21
min )
Investing.com -- Gilead (NASDAQ:GILD) has reported third-quarter results that beat analyst estimates, driven in part by strong sales of its cancer drug and a fall in taxes.
( 34
min )
(Bloomberg) -- Stocks in Asia traded in narrow ranges on Wednesday as investors waited to hear more from Federal Reserve officials who are due to speak this week, including Chair Jerome Powell. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtApple Delays Work on Next Year’s iPhone, Mac Software to Fix BugsMalaysia Renews Hamas Sup
( 36
min )
ABN Amro posted better-than-expected profits for the third quarter but net interest income fell 5% on-quarter, undershooting forecasts.
( 26
min )
China's State Council, which is headed by Premier Li Qiang, has instructed the local government of Guangdong province, where both companies are based, to help arrange a rescue of Country Garden by Ping An, said two of the sources who have direct knowledge of the matter. A spokesperson for Ping An said the company had not been approached by the government and denied the information reported by Reuters.
( 36
min )
(Bloomberg) -- As China’s e-commerce giants hunker down for battle this month in the world’s biggest shopping event, market pros are betting that Temu-owner PDD Holdings Inc. will continue beating them all.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtApple Delays Work on Next Year’s iPhone, Mac Software to Fix BugsMalaysia Rene
( 36
min )
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Employer match does not count towards 401(k) limit, however, the IRS does limit total contribution from both the employer and the employee combined.
( 26
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 6.07% from OMB, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 19
min )
General Motors and Stellantis joined other automakers investing a combined $33 million in Niron Magnetics, a startup producing rare earth-free magnets used in electric vehicles, amid concerns about reliance on China for materials.
( 17
min )
Eli Lilly shares hit an all-time high after receiving FDA approval for Zepbound, an injectable treatment to help people lose weight.
( 18
min )
The S&P 500 was up 0.1% on Wednesday, Nov. 8, 2023, keeping its winning streak alive as the market weighed the possibility of more Fed interest rate hikes ahead.
( 17
min )
Zero coupon bonds are bonds that do not make any interest payments until maturity. You won't put a single penny of interest in your pocket for two decades.
( 26
min )
Disney's fourth-quarter fiscal 2023 earnings beat analyst predictions as the company saw robust subscription growth, narrower losses in its streaming segment and a booming theme park business.
( 17
min )
A cash balance pension plan is a type of retirement savings account with an option for payment as a lifetime annuity.
( 24
min )
CVS and Walgreens shares fell Wednesday after The Pharmacy Guild announced its launch, in an effort to unionize pharmacy workers calling for staffing and workload safety standards.
( 17
min )
Today's top rates on nationwide money market accounts are 5.35% from Brilliant Bank, 5.25% from UFB Direct, and 5.21% from Republic Bank of Chicago.
( 18
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If you're saving for retirement, you have several strategies to choose from. The best retirement plans are typically tax-advantaged accounts like 401(k)s and IRAs.
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Amazon is ratcheting up its push into the health care market by offering discount subscriptions to its One Medical primary care unit for Prime members.
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Sen. Booker proposed a baby bond program as a means to end intergenerational poverty. But how effective would such a seemingly radical plan be?
( 25
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An audit trail tracks accounting data to its source for verification. Learn how companies use auditing to reconcile accounts and detect fraud.
( 24
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Taking advantage of increasingly attractive yields on a virtually risk-free investment, U.S. investors flocked to money market funds in the third quarter amid floundering stock markets.
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Here's what to keep in mind when considering investing in Fundrise's eREITs.
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Learn to take advantage of special tax breaks for military members so you can make the most of your money and your benefits.
( 24
min )
Spirit AeroSystems shares tumbled after the Boeing supplier announced measures to raise cash following a series of production issues that delayed aircraft deliveries.
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Shares of electric vehicle maker Lucid Motors fell roughly 10% on Wednesday, a day after the company reported less-than-impressive third-quarter results and cut its production guidance for the year.
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An equity risk premium is an excess return that investing in the stock market provides over a risk-free rate.
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Accounts receivable aging is a report categorizing a company's accounts receivable according to the length of time an invoice has been outstanding. Learn how it's used.
( 25
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Wholesale inventories rose in September 2023 by 0.2%, helped by a 2.9% jump in auto parts inventory as the autoworkers’ strike may have impacted supplies.
( 17
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Tax-efficient investing can minimize your tax burden and maximize your returns. Find out why tax-efficient investing is important and how it can save you money.
( 27
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Is there a cryptocurrency price correlation with the equity markets? We investigate.
( 25
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Sensex is an abbreviation of the Sensitive Index, India's stock index. Its components trade on the BSE, formerly known as the Bombay Stock Exchange.
( 25
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How the FAFSA helps students get federal and state financial aid, including grants, loans, and even scholarships.
( 28
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U.S. equities edged lower at midday on Wednesday, Nov. 8, 2023, ahead of more comments from Fed officials that could offer clues on the future of interest rates.
( 18
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A free-float methodology is a system by which the market capitalization of an index's companies is determined.
( 24
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Warner Bros. Discovery shares cratered as the owner of cable networks, streaming services, and a movie studio reported TV revenue and streaming subscribers declined.
( 18
min )
Robinhood shares tumbled as the online brokerage missed analysts' estimates and warned about current quarter revenue.
( 17
min )
Video game makers' shares jumped Wednesday on movie, earnings and game release news from big names in the industry.
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Though many baby boomers are working past age 65, as they continue to retire the economic effects could be profound for the nation's productivity and social programs.
( 25
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Don’t assume your IRA custodian will track your deductible and nondeductible contributions. Keeping good records helps you avoid double taxation.
( 26
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A Savings Incentive Match Plan for Employees of Small Employers is a type of employer-sponsored tax-deferred retirement account.
( 23
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Speculators for the first time since mid-2022 are signaling optimism on U.S. stocks, as futures markets bets favoring S&P 500 gains now outweigh bearish wagers.
( 19
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Each type of housing—condominiums, townhouses, and detached houses—has its pros and cons. Consider both your lifestyle and budget before deciding.
( 25
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A Roth IRA might make good financial sense even if you are approaching or in retirement age. Here are some key considerations.
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A tax-sheltered annuity allows an employee to make pretax contributions from his or her income into a retirement plan.
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Find out about the benefits, features, and interest charges of the Goodyear Credit Card. Learn which customers benefit most and who the competition is.
( 26
min )
Best Buy credit card offers promotional financing and cash-back rewards to incentivize higher spending.
( 25
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Both capital gains and dividend payments are incomes that must be declared. Selling something for a profit leads to capital gains. A payment made by a corporation to stockholders is a dividend.
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Non-deductible IRAs are particularly attractive for people who are restricted by income limits in how much money they can put away for retirement.
( 26
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A retirement contribution is a payment into a retirement plan, either pretax or after-tax.
( 26
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The ex-date, or ex-dividend date, is the date on or after which a security is traded without a previously declared dividend or distribution.
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Contribution limits for IRAs, 401(k)s, and other plans can change from year to year due to cost-of-living adjustments. Here are the changes for 2024.
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An industry is a classification for a group of companies that are related in terms of their primary business activities. Learn more about how this term is used.
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The backdoor Roth IRA strategy allows taxpayers to set up a Roth IRA even if their income exceeds the IRS earnings ceiling for Roth ownership.
( 26
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Employer match does not count towards 401(k) limit, however, the IRS does limit total contribution from both the employer and the employee combined.
( 26
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Vrouwen, mensen van buitenlandse afkomst en mensen met een beperking voelen zich relatief vaak gediscrimineerd op de werkvloer. Net als personeel van grote bedrijven, medewerkers die weinig zelf mogen beslissen en personeel dat gevaarlijk werk doet.
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Het Japanse bedrijf Eneos Group heeft een recordbedrag van 4 miljoen dollar (ruim 3,7 miljoen euro) betaald om een plekje voor in de rij voor het overvolle Panamakanaal in Latijns-Amerika te krijgen. Dat komt naar voren uit veilingdocumenten.
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VVD, D66, GroenLinks-PvdA, CDA, ChristenUnie, Volt, JA21 en SGP hebben hun plannen voor de komende kabinetsperiode laten doorrekenen door het Centraal Planbureau. Een samenvatting van de plannen van de eerste vier partijen, de overige lees je in een ander artikel.
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VVD, D66, GroenLinks-PvdA, CDA, ChristenUnie, Volt, JA21 en SGP hebben hun plannen voor de komende kabinetsperiode laten doorrekenen door het Centraal Planbureau. Een samenvatting van de plannen van ChristenUnie, Volt, JA21 en SGP.
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Mediabedrijf RTL Group heeft last van adverteerders die minder geld besteden aan reclames. Bedrijven zijn terughoudend met hun marketinguitgaven vanwege slechte economische vooruitzichten. Door de reclamedip was de omzet van RTL in de eerste negen maanden van 2023 met 4,66 miljard euro 7 procent lager dan vorig jaar.
( 8
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De dijken, waterkeringen en dammen die ons tegen het water beschermen worden versterkt. In 2014 werd geschat dat het om zo'n 1.500 kilometer ging, nu blijkt het te gaan om ongeveer 2.000 kilometer. De operatie gaat vele miljarden extra kosten.
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De vraag naar diamanten is de laatste maanden flink gekelderd. Dat blijkt uit cijfers van onder meer De Beers Group, een van de grootste diamanthandelaren ter wereld.
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min )
Dat de armoede in Nederland vorig jaar historisch laag was, ziet Stichting Armoedefonds niet terug in de praktijk. Dat meldt het fonds woensdag in een reactie op nieuwe cijfers.
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min )
Adidas stopt voorlopig met de verkoop van de populaire Yeezy-sneakers, hoewel de collectie van rapper Ye de afgelopen tijd weer honderden miljoenen heeft opgeleverd.
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min )
Elon Musk brengt een chatbot uit die net even anders werkt dan zijn concurrenten. Grok is gemaakt om vragen te beantwoorden met humor en op een rebelse toon. De chatbot geeft volgens Musk ook antwoord op pittige vragen die door andere chatbots worden geschuwd.
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Mensen met invloedrijke politieke functies zijn betrokken bij 14 miljard euro aan verdachte geldtransacties van en naar Nederland. Het gaat om crimineel geld dat voortkomt uit onder meer omkoping, afpersing en verduistering van geld uit de schatkist.
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We gaan vijftig jaar terug in de tijd en horen hoe de hele omgeving toen Hoogovens ademde - letterlijk en figuurlijk. In vrijwel elk gezin in de IJmond lijkt wel iemand voor het bedrijf te werken. Het jaarlijkse hoogtepunt is de trotse onthulling van het kerstpakket.
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Ahold Delhaize verkoopt de Amerikaanse online supermarkt FreshDirect aan flitsbezorger Getir. Dat maakten beide bedrijven woensdag bekend. Verder blijkt dat de winst bij het moederbedrijf van Albert Heijn en bol flink is gedaald.
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Pensioenfonds PFZW verhoogt zijn pensioenen volgend jaar met 4,8 procent. De verhoging geldt ook voor degenen die nog niet met pensioen zijn, maar wel pensioen opbouwen.
( 9
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Meerdere politieke partijen plaatsen zonder toestemming volgcookies op hun websites. Daarmee schenden ze de wet, blijkt uit onderzoek van de NOS. De overtredingen zijn gesignaleerd bij BoerBurgerBeweging (BBB), Forum voor Democratie (FVD), SGP en Volt.
( 8
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Pensioenfonds PFZW verhoogt zijn pensioenen volgend jaar met 4,8 procent. De verhoging geldt ook voor degenen die nog niet met pensioen zijn, maar wel pensioen opbouwen.
( 8
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Voordat Tata Steel een van de controversieelste bedrijven van Nederland werd, was de staalfabriek juist zeer geliefd bij omwonenden. "Nederland was verzuild. En in de IJmond kun je zeggen dat Hoogovens een soort eigen zuil had", vertelt een ex-medewerker.
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The Municipal Liquidity Facility (MLF) was a Federal Reserve initiative to keep state and local governments funded during the COVID-19 crisis.
( 22
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Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 6.14% from Minnequa Works Credit Union, and 5.80% from either Seattle Bank or Credit Human.
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Theodore W. Schultz was an agricultural economist who won the Nobel Prize in Economics in 1979 for his research in development economics.
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min )
An Associate in Commercial Underwriting (AU) is a person with qualifications to evaluate risk for insurance companies.
( 21
min )
The S&P 500 gained 0.3% on Tuesday, Nov. 7, 2023, amid optimism that the Fed has finished raising interest rates to tackle high inflation.
( 17
min )
DDOG stock jumped 30% after the cloud cybersecurity company handily beat out analyst expectations and revised full-year guidance higher.
( 17
min )
GlobalFoundries shares surged after reporting better-than-expected third-quarter earnings on resilient demand, boosting other chip stocks.
( 17
min )
Something unusual happened with the nation’s student loan debt the last quarter: It went down, and by a record amount.
( 17
min )
The Free Application for Federal Student Aid (FAFSA) is the key to getting grants, scholarships, work-study, and loans to help pay for college.
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China Investment Corporation is the sovereign wealth fund of China that invests in public and private assets to diversify foreign exchange holdings.
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Planet Fitness shares powered higher as membership additions helped the fitness center operator beat profit and sales estimates.
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The limit for contributions to traditional and Roth IRAs for 2023 is $7,000, plus $8,000 if the taxpayer is age 50 or older.
( 29
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The regulator in charge of the Federal Home Loan Banking system wants the government enterprise company to be less of a “lender of last resort” for failing banks after this spring's turmoil.
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Rates on 30-year mortgages have halted their four-day plunge with a minor increase. But rates for 10-year, 15-year, and 20-year loans saw much bigger jumps.
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The Current Population Survey is a statistical survey of households that is performed by the U.S. Census Bureau of Labor Statistics on a monthly basis.
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Learn about what notional and market value are, and how to calculate the notional value of a futures contract.
( 23
min )
Shares of Gen Digital moved higher as the cybersecurity software firm beat sales estimates, boosted by growth in customers and revenue per user.
( 18
min )
During appearances on Tuesday, Chicago Fed President Austan Goolsbee said the economy was making sufficient progress on inflation, while Fed Governor Michelle Bowman said further rate hikes may be needed.
( 18
min )
Warehouse lending is credit extended by a financial institution to a loan originator to fund a mortgage that a borrower initially used to buy a property.
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In its latest acquisition, Kinder Morgan announced plans to purchase NextEra Energy Partner’s South Texas pipeline system for $1.82 billion.
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A basing point pricing system requires buyers to pay a base price, plus a set shipping fee depending on their distance from a specific location.
( 21
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The Revenue Act of 1862 was passed by Congress to fund the Union in the American Civil War and created the Bureau of Internal Revenue.
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min )
A capital gains distribution is a payment by a mutual fund or an exchange-traded fund of a portion of the proceeds from the fund's sales of stocks and other assets.
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The differences between Roth IRAs and traditional IRAs lie in the timing of their tax breaks, eligibility standards, and the access they offer.
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The deadlines for SIMPLE IRA contributions vary depending on whether the employer or employee is making them.
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Learn about capitalization structure and how the combination of debt and equity a company uses to fund operations can affect its profitability.
( 23
min )
Citing instances of illegal “naked” short selling, South Korea’s banned short selling through June 2024. American depositary receipts of South Korean companies jumped on Monday, before giving back those gains in trade this morning.
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min )
Non-recourse finance is a type of commercial loan requiring only repayment based upon proceeds generated from the project funded by the loan.
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Retirement experts often tout the 10% rule: Save 10% of your income for a comfortable retirement. The truth is that most people need to save far more.
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Gross earnings from an accounting perspective is the amount of revenue left over after the cost of goods sold is deducted.
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It is possible—but difficult—to get a $100,000 personal loan. Even the best personal loan providers don’t typically offer loans of more than $50,000.
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U.S. equities extended their rally midday on Tuesday, Nov. 7, 2023 as tech stocks gained and Treasury yields fell after the latest earnings and amid optimism the Fed might not raise interest rates further to fight inflation.
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The U.S. trade deficit grew for the first time in three months to hit $61.5 billion in September, a 4.9% increase that was higher than the $59.8 billion analysts forecast.
( 18
min )
TripAdvisor shares surged after posting better-than-expected third quarter results as it sold more travel experiences packages.
( 17
min )
The Consumer Financial Protection Bureau's proposed rules on financial companies that process transactions could have implications for tech giants such as Apple, Google, Amazon, Meta, Square, and Paypal.
( 18
min )
Uber missed profit and sales forecasts even as bookings at its mobility and delivery units jumped.
( 18
min )
A biotechnology industry exchange-traded fund (ETF) invests in companies that combine biology and technology to develop innovative products and services.
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min )
A revolver is a borrower who carries a balance from month to month via a revolving credit line.
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A core liquidity provider acts as a go-between in the securities markets, buying securities from companies and distributing them for resale to investors.
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The liquidity premium is compensation for investing in assets that cannot be easily converted into cash at fair market value.
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More and more people are falling behind on their credit card and car loans, especially people in their twenties and thirties, data from the Federal Reserve Bank of New York showed Tuesday.
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Office space rental company WeWork filed for bankruptcy, with the company indicating it would continue to operate as it renegotiates its leases and debt obligations.
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min )
Find out how analyzing the price-to-cash-flow ratio can help you make batter investment decisions.
( 23
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Amid a cloudy economic outlook, banks are getting choosier about who they lend money to and on what terms—with many lenders rejecting more credit applications for people with just okay credit scores.
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min )
Learn about some little-known features that will help you get the most out of your IRA retirement savings account.
( 30
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Discover how time and compounded growth of earnings can help even a modest 401(k) balance grow to a significant sum over 20 years.
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The information ratio (IR) measures portfolio returns and indicates a portfolio manager's ability to generate excess returns relative to a given benchmark.
( 24
min )
With tax-advantaged retirement plans, you either make pretax or after-tax contributions, depending on the type of plan. Learn about the pros and cons.
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min )
Learn what market share is, how to calculate market share, and how to interpret the market share of a company relative to its industry.
( 24
min )
The popularity of ETFs among investors and advisors continues to grow. But are they a good fit for 401(k) plans?
( 24
min )
Net income, also called net earnings, is sales minus cost of goods sold, general expenses, taxes, and interest. Learn how it is used in business and taxes.
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min )
Understand how the Lowe's credit card works, which customers benefit the most, its terms and conditions, and what alternatives are available.
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Find out about the rewards the Amazon Prime Visa Signature Card offers, how to get it, who qualifies, and alternatives.
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The conglomerate boom occurred in the period following WWII when many businesses had the money and resources to chase economies of scale.
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min )
Here is how the Home Depot credit card works, including where and how to apply, where it can be used, interest rates and fees, and the rewards and benefits involved.
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Baby boomers tend to be viewed as one group. But thanks to the Great Recession, younger boomers have had a much harder time saving for retirement.
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DDOG stock jumped 30% after the cloud cybersecurity company handily beat out analyst expectations and revised full-year guidance higher.
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According to federal investigators, the death at the company's Wisconsin plant could have been avoided.
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min )
Shares of Spirit AeroSystems dropped 15% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier.
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The reaction to third-quarter results from car-related companies has been awful. Reactions to industrial numbers aren't all that much better. The problems for both industries are linked.
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The limit for contributions to traditional and Roth IRAs for 2024 is $7,000, plus $8,000 if the taxpayer is age 50 or older.
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Occidental Petroleum beat estimates for third-quarter profit on Tuesday, as the U.S. oil and gas producer was aided by higher output amid sustained demand for energy. U.S. production of oil and gas has been on the rise since last year as strong prices have encouraged energy firms to drill more. WTI crude prices increased 9.4% on a sequential basis during the quarter, on the back of the extension of production cuts by OPEC+ members led by Saudi Arabia and Russia.
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(Bloomberg) -- Coupang Inc. slid in late US trading after third-quarter profit missed analysts’ estimates, overshadowing a better-than-expected 21% revenue surge and a record number of active customers. Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the White HouseS&P Defies Fed ‘Pushback’ in Longest Win Since ‘21: Markets WrapApple Delays Work on Next Year’s iPhone, Mac Software to Fix BugsTrump Testimony C
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The Mediterranean take-out restaurant chain Cava Group said revenue jumped almost 50% from the same period last year. It reported an unexpected profit.
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Rivian added it was speaking with more customers who are interested in the Rivian Commercial Vehicle platform, which underpins its electric delivery vans, and reiterated its commitment to fulfilling the order of 100,000 vans to Amazon by 2030. Rivian had reported third-quarter deliveries above market expectations last month.
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min )
(Bloomberg) -- Australia’s sheep industry is in crisis, with prices near the lowest level in 16 years forcing some farmers in the country’s west to give their animals away for free to pet-food manufacturers.Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the White HouseApple Delays Work on Next Year’s iPhone, Mac Software to Fix BugsS&P Defies Fed ‘Pushback’ in Longest Win Since ‘21: Markets WrapTrump Testimo
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High yields on government debt had made utilities' dividends less appealing, but the situation has changed.
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min )
(Bloomberg) -- Texas billionaire and real estate investor John Goff predicted that a number of appealing properties will hit the market soon as rising interest rates force some investors to sell. Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the White HouseTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateStocks Extend Gains as Traders Defy Fed ‘Pushback’: Markets WrapTrump Shouts at Judge and
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min )
(Bloomberg) -- A jump in US yields over recent weeks amounts to nothing less than an “earthquake” for the bond market, according to Federal Reserve Governor Christopher Waller.Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the White HouseTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateStocks Extend Gains as Traders Defy Fed ‘Pushback’: Markets WrapTrump Shouts at Judge and Lawyers in Wild Day
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Tesla, Palantir, AMD, and Ford have been the most popular stocks by volume from Oct. 30 to Nov. 6.
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WeWork co-founder and former CEO Adam Neumann delivered his reaction to the office-sharing firm's bankruptcy filing, calling the move "disappointing."
( 35
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Bill Ackman, the founder and CEO of Pershing Square Capital Management, is a renowned billionaire institutional investor and hedge fund manager with a net worth of over $3.5 billion. The Harvard University-educated finance executive is known for his leveraged contrarian bets on the stock and bond market. In 2020, just days before the U.S. announced a total lockdown, Ackman hedged his investments, predicting a complete shutdown of the economy through credit default swaps, netting a profit of over
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The interest rate on Series I savings bonds now tops 5%, although as investments they're not right for everyone.
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Microsoft stock has been on fire. A technical measures suggest a pullback could be imminent.
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min )
Microsoft keeps rising.
The software giant's shares, recently up nearly 1.5% at above $361, are on track for a new record high, according to data going back to 1986, when it went publish. It'll set a new standard if it closes above $359.49, according to Dow Jones Market Data. (Its last record close
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But the company says initial reports of 800 layoffs at the location are unfounded.
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Both the overall level of household debt and the share of those that struggled to make timely payments increased last quarter.
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For the fourth quarter, Datadog expects revenue of between $564 million and $568 million, beating analysts’ estimates of $544.9 million.
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min )
Uber posts third-quarter earnings of 10 cents a share on revenue of $9.29 billion. The stock is down nearly 4% in premarket trading.
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min )
Bitcoin has consolidated around $35,000, but the technical market backdrop remains positive.
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A combination of high interest rates hitting demand, distributors working through high inventory levels, and a policy change reducing incentives in California, has made it a tough year for solar stocks.
( 21
min )
Those looking for attractive AI stocks should look to Nvidia and Cisco ahead of their respective earnings, according to analysts at Melius Research.
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Alibaba and JD.com were among the stocks falling in Hong Kong trading Tuesday as China’s latest trade data painted a mixed picture for the world’s second-largest economy.
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Discover how time and compounded growth of earnings can help even a modest 401(k) balance grow to a significant sum over 20 years.
( 26
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"Over the next couple of months, we might equal the fastest drop in inflation in the last century," Goolsbee said in an interview with broadcaster CNBC. "And as long as we're making progress, as I've been saying for a while, the moment of arguing how high should the rate go is going to fade to how long should we keep rates at this level as inflation is coming down." The U.S. central bank last week kept its benchmark interest rate unchanged at between 5.25% and 5.50% but kept the door ajar to raising borrowing costs further to get inflation back down to its 2% target amid a resilient economy.
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The banking titan could lay off thousands of staffers.
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Those looking for attractive AI stocks should look to Nvidia and Cisco ahead of their respective earnings, according to analysts at Melius Research.
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For the fourth quarter, Datadog expects revenue of between $564 million and $568 million, beating analysts’ estimates of $544.9 million.
( 18
min )
Intel is first in line for a potential multibillion dollar funding package from the government to make microchips for military applications, The Wall Street Journal reported.
( 21
min )
Uber Technologies grew its rides and food-delivery businesses in the third quarter while posting its second-ever operating profit, as people continued to use its app to commute and order in.
The company projected further growth in the current December quarter.
Shares of Uber gained about 1% in pre
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(Bloomberg) -- WeWork Inc.’s bankruptcy filing caps a years-long saga that revealed breathtaking flaws in the investment style of Japanese billionaire Masayoshi Son, damaging his professional reputation far beyond the money he lost.Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the White HouseS&P Defies Fed ‘Pushback’ in Longest Win Since ‘21: Markets WrapApple Delays Work on Next Year’s iPhone, Mac Software
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min )
Those looking for attractive AI stocks should look to Nvidia and Cisco ahead of their respective earnings, according to analysts at Melius Research.
( 23
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Uber expects adjusted core profit, a profitability measure watched by investors, between $1.18 billion and $1.24 billion. "Consumer demand on our platform remains healthy as we enter the busiest period of the year," CEO Dara Khosrowshahi said in his prepared remarks.
( 34
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(Bloomberg) -- For investors who say Nvidia Corp. is too expensive and the AI hype is overdone, a portfolio manager who trounced all his peers this year has a message — more gains to come. Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateIsrael Latest: Netanyahu Sees a Role in Gaza Security After WarTrump Shouts at Judge and Lawyers in Wild Day on Witness StandWall Street Faces ‘Reality Check’ After
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WeWork's $3 billion debt for equity swap deal with its creditors marks the latest effort by top shareholder SoftBank to revive the troubled office-space provider and recoup some of the billions it has invested. Whether the bet succeeds now depends on WeWork renegotiating the costly long-term leases it signed during the boom years and is now unable to pay, forcing it to file for bankruptcy on Monday. WeWork's long-term lease obligations of $13.3 billion accounted for more than 70% of its total debt as of end-June.
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Car companies and dealers are slashing thousands off purchase prices to attract wary shoppers.
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(Bloomberg) -- Equities in Asia declined as fresh doubts emerged on whether the Federal Reserve has finished tightening policy. The dollar advanced.Most Read from BloombergTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateIsrael Latest: Netanyahu Sees a Role in Gaza Security After WarWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtWall Street Faces ‘Reality Check’ After Big Rally: Markets WrapTrump Shouts at Judge and Lawyers in Wild Day on Witness StandAn Asian equity be
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min )
Rishi Sunak’s plan to boost energy security by issuing new North Sea licences every year has been cast into doubt by claims Britain will be unable to handle the crude oil.
( 35
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Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. California’s Insurance Commissioner Ricardo Lara is trying to step in to reform the system and to make the private market more robust, but the bulk of the changes won’t take effect for at least another year.
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(Bloomberg) -- Cathie Wood’s flagship fund on Monday sold Roku Inc., which recently became its biggest holding, for the first time since August.Most Read from BloombergTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateIsrael Latest: Netanyahu Sees a Role in Gaza Security After WarWall Street Faces ‘Reality Check’ After Big Rally: Markets WrapTrump Shouts at Judge and Lawyers in Wild Day on Witness StandAI Pioneer Kai-Fu Lee Builds $1 Billion Startup in Eight MonthsWood’s Ark Innovat
( 34
min )
A record-high 48 oil supertankers are making their way to the US, according to data compiled by Bloomberg.
( 34
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(Bloomberg) -- Shein is touting its hopes for a valuation of as much as $90 billion as it lays the groundwork for an eventual US initial public offering, a level that far exceeds how the fast-fashion giant is valued in private trades, according to people familiar with the matter.Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateIsrael Latest: Netanyahu Sees a Role in Gaza Security After WarTrump Shout
( 35
min )
WeWork, the SoftBank Group-backed start-up that was once a darling of Silicon Valley valued at $47bn (£38.7bn), has filed for bankruptcy in the United States.
( 35
min )
Dating apps face major headwinds as consumers cut back due to fears about the economy.
( 36
min )
637.000 mensen in Nederland leefden vorig jaar onder de armoedegrens, wat neerkomt op 3,8 procent van de bevolking. Hoewel dat veel mensen zijn, is het toch het laagste niveau sinds statistiekbureau CBS in 1977 begon met meten.
( 10
min )
De olieprijzen zijn dinsdag gedaald naar het laagste niveau sinds augustus, onder andere door zwakke cijfers over de Chinese export. Ook de sterkere dollar zorgt voor druk op de olieprijzen.
( 9
min )
KLM kampte dinsdagmiddag met een IT-storing in het inchecksysteem op Schiphol. Door de storing konden passagiers op de luchthaven niet inchecken voor KLM-vluchten.
( 8
min )
Mogelijke gevolgen van klimaatverandering, zoals extreme hitte en hevige neerslag, moeten nadrukkelijker terugkomen in de waarde van een huis bij taxatie en verkoop. Toezichthouder AFM wil het bewustzijn over klimaatrisico's onder huizenkopers vergroten door onder meer een klimaatlabel aan huizen te geven.
( 10
min )
Wereldwijd komt de wijnproductie dit jaar op het laagste niveau in zestig jaar. In enkele Europese landen zat het weer niet mee en ook oogsten op het zuidelijk halfrond vielen tegen, zegt de internationale brancheorganisatie OIV.
( 9
min )
Waar betalen partijen hun plannen mee en wat zijn de financiële gevolgen? Dat toetst het onafhankelijke Centraal Planbureau (CPB) sinds 1986 bij alle Tweede Kamerverkiezingen. De kritiek hierop is inmiddels traditie.
( 12
min )
Mogelijke gevolgen van klimaatverandering, zoals extreme hitte en hevige neerslag, moeten nadrukkelijker terugkomen in de waarde van een huis bij taxatie en verkoop. Toezichthouder AFM wil het bewustzijn over klimaatrisico's onder huizenkopers vergroten door onder meer een klimaatlabel aan huizen te geven.
( 9
min )
Ongeveer 6 procent van de huishoudens heeft een energiecontract met prijzen die boven het prijsplafond liggen. Dat terwijl vrijwel elke energieleverancier prijzen aanbiedt die onder het plafond vallen. Als het plafond wegvalt, zijn deze mensen in 2024 duurder uit.
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min )
Eindhoven Airport wil fossiele privévluchten op de luchthaven vanaf 2026 verbieden. Met deze en andere maatregelen wil de luchthaven de CO2-uitstoot en geluidsoverlast naar beneden brengen voor 2030.
( 9
min )
De meeste mensen die onlangs minder zijn gaan werken, weten niet welke invloed dat heeft op de hoogte van hun pensioen. Ze kijken naar het veranderende inkomen op dit moment, maar zoeken niet uit wat ze daardoor minder krijgen na hun pensionering.
( 9
min )
Prijzen van treinkaartjes en abonnementen van NS stijgen komend jaar toch niet. Eerder riep een Kamermeerderheid het demissionaire kabinet al op om geld uit te trekken om de verwachte prijsstijging van bijna 9 procent te schrappen.
( 9
min )
Nintendo verdient veel geld aan de Super Mario Bros. Movie. Ook de vraag naar het spel The Legend of Zelda: Tears of the Kingdom blijft groot. Het succes van deze titels zorgde voor meer verkopen van games en Switch-consoles.
( 9
min )
Telecombedrijf KPN is van plan om tot en met 2027 ruim 4,5 miljard euro te investeren in zijn 5G-netwerk, glasvezelnetwerk en kunstmatige intelligentie. Het bedrijf herhaalt dinsdag dat 80 procent van alle huishoudens eind 2026 op zijn glasvezelnetwerk aangesloten zal zijn.
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UBS, de grootste bank van Zwitserland, heeft in het derde kwartaal van dit jaar zijn eerste kwartaalverlies geleden in bijna zes jaar. Het verlies van 785 miljoen dollar volgt op de samenvoeging met branchegenoot Credit Suisse.
( 9
min )
De Amerikaanse aanbieder van gedeelde werkplekken WeWork heeft uitstel van betaling aangevraagd. Het is een nieuw dieptepunt voor het bedrijf dat in 2019 nog is gewaardeerd op 47 miljard dollar, maar inmiddels al langere tijd met problemen kampt.
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De gemiddelde prijzen van onder meer energie, voeding en producten liggen eindelijk lager dan een jaar eerder. Maar wie voordelig uit denkt te zijn, komt bedrogen uit. De inflatie is alleen negatief doordat de energieprijzen een jaar eerder door het dak zijn gegaan.
( 9
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De gemiddelde prijzen van onder meer energie, voeding en producten liggen eindelijk lager dan een jaar eerder. Maar wie voordelig uit denkt te zijn, komt bedrogen uit: de energieprijzen schoten een jaar eerder door het dak.
( 9
min )
Since the early 1900s, the Federal Trade Commission (FTC) has been preventing anticompetitive, deceptive, and unfair business practices.
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min )
Deciding how much to put into a 401(k) account can be tricky. There are guidelines to ensure that you are investing what you need, so you can retire in comfort.
( 25
min )
Today's best CD rates are 6.50% from Financial Partners Credit Union, 6.18% from Bayer Heritage Federal Credit Union, and 6.14% from Minnequa Works Credit Union.
( 19
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Investors plowed into bets against U.S. Treasurys in recent weeks—and now they're likely paying for it.
( 19
min )
ChatGPT maker OpenAI unveiled its most powerful artificial intelligence model yet at its developer conference Monday, in a move that could help the startup push ahead of rivals.
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Personal loan rates moved up to 21.39% this week, adding 26 basis points since last week when the average personal loan rate stood at 21.13%.
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The S&P 500 rose 0.2% on Monday, Nov. 6, 2023, ahead of some of the last major corporate earnings reports for the third quarter.
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Individual investors remain as cautious as they’ve been all year despite the recent rally for stocks as concerns about the Middle East and higher interest rates weigh in sentiment.
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min )
ETFs avoid the wash sale rule because they are often tied to an index and not a "substantially identical" security.
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Americans—especially young adults—are increasingly going into debt to pay emergency expenses as required payments on federal student loans resume and inflation squeezes household budgets.
( 18
min )
Bumble founder Whitney Wolfe Herd will resign as CEO of the company, effective January 2.
( 17
min )
Home builders are attempting to meet the demand left by so few existing homes on the market, but interest rates and inflation are keeping them from fully releasing that pressure.
( 18
min )
DISH Network reported a surprise loss as it lost subscribers, and shares plunged to a 25-year low.
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min )
Learn how you can avoid these 11 common financial mistakes with your retirement savings.
( 28
min )
With mortgage rates approaching 8%, an additional nearly $150 a month for insurance could push homeownership out of the budget range for would-be homeowners.
( 18
min )
A gift is something of value that is given without something of equal value being exchanged in return and, in some instances, is subject to tax.
( 24
min )
The African Development Bank (ADB) is a financial institution that enables economic and social development throughout the continent.
( 24
min )
A gift of equity is the sale of a home below the current market value. The buyer is usually someone with whom the seller has a familial relationship.
( 28
min )
Investors are relying increasingly on independent advisors for help in managing their finances, a report from Cerulli Associates showed, with the trend especially pronounced among younger investors.
( 18
min )
In economics, the capital account is the part of the balance of payments that records net changes in a country’s financial assets and liabilities.
( 26
min )
A mortgage is a loan used to purchase or maintain real estate.
( 30
min )
The hospital insurance trust fund is Part A of Medicare, the United States health insurance program for those 65 and older.
( 23
min )
The Medicare hold harmless provision keeps Social Security benefits from decreasing year over year as a result of higher Medicare Part B premiums.
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U.S. equities edged higher at midday on Monday, Nov. 6, 2023, extending gains after last week's rally amid optimism the Fed could be done raising interest rates to fight inflation.
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min )
Post-retirement risk is the potential damage to financial security that a retired individual could encounter.
( 26
min )
BioNTech posted a surprise quarterly profit, and sales exceeded estimates, sending its ADRs higher.
( 18
min )
Unlike the special 2021 rules for charitable contributions, the 2022 and 2023 rules require donors to itemize their deductions to claim any charitable contribution deductions. The AGI limit, which was 100% in 2021, goes back to 60% for cash donations for qualified charities.
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Rates on 30-year mortgages rates have plunged almost a half percentage point over the last four days, lowering the 30-year average to its cheapest level since September.
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min )
Ryanair shares surged after saying it anticipates full-year earnings to reach an all-time high and announced its first-ever dividend.
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min )
Incentive distribution rights (IDR) in a limited partnership give a general partner an increasing share of the incremental cash flow.
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min )
Cyber Monday is the Monday following American Thanksgiving, representing the day online retailers offer deep discounts.
( 26
min )
The accounting equation defines a company's total assets as the sum of its liabilities and shareholders' equity.
( 28
min )
Stratified random sampling is a method of sampling that involves the division of a population into smaller groups known as strata.
( 28
min )
Jeff Hirsch, editor of The Stock Trader's Almanac, joins the show to discuss why seasonality matters for investors, and why the next six months are usually the strongest of the year. Plus, how his father, Yale Hirsch, developed the Almanac.
( 21
min )
A charitable donation is a gift of cash or property to a nonprofit organization. American taxpayers can deduct such donations up to an annual cap.
( 24
min )
High interest rates, driven by the Federal Reserve’s campaign of anti-inflation rate hikes are affecting companies that sell mortgages, chemicals, facelift machines, vacations, and pretty much anything else you can imagine.
( 20
min )
Though the IRS puts strict limits on how much you can contribute to an IRA annually, and limits on how much you can earn to open a Roth IRA, there are loopholes to be exploited.
( 28
min )
Lots of people dream about sports ownership. Here are some ways you can get into the game.
( 24
min )
Learn the basic structure of a 401(k) and why it may not be enough to sustain you during retirement.
( 26
min )
An IRAs and a certificate of deposit are two types of investments, one geared toward retirement and the other suitable for short-term savings.
( 27
min )
Understand 3x exchange traded funds (ETFs) and their key risks. Learn how compounding can affect returns.
( 24
min )
In hard times companies may stop matching your 401(k) contribution, but there are ways to offset the hit.
( 24
min )
The theory that the wealth effect spurs consumption makes sense. Who wouldn't spend money when sitting on big gains, even if they're only on paper?
( 26
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Learn about the SEP IRA offered by Vanguard and why it is popular with many small business owners.
( 23
min )
A SIMPLE IRA is a retirement savings plan that can be used by most small businesses with 100 or fewer employees.
( 20
min )
Unemployed individuals can take money out of their 401(k), but they should do so carefully. Here's how to make 401(k) withdrawals when unemployed.
( 26
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Learn about the major drawbacks of industrialization such as growing wealth disparities, environmental damage, and exploitation of child labor.
( 23
min )
Maximizing your 401(k) involves understanding the investments offered, which are best suited for you, and how to manage them, among other strategies.
( 31
min )
Learn about three of the most common ETFs that track the oil and gas drilling sector: the XOP, the IEO and the PXE. Explore different ETF performance records.
( 22
min )
Warren Buffett said investors have to "look pretty hard" to unearth the hidden gems in Berkshire's earnings reports. We found three of them.
( 35
min )
The drugmaker recorded a 35.4% fall in sales of its older CF treatments to $209.2 million. Cystic fibrosis, affecting around 100,000 people globally, is an inherited disorder that causes severe damage to the lungs, digestive system and other organs. Vertex said it now expects annual sales of about $9.85 billion from its CF treatments, compared with LSEG estimates of $9.86 billion.
( 33
min )
Longtime customers of Capital One's online banking arm thought they were getting the best possible rate, according to a lawsuit. Little did they realize, they say, that they needed to open a new account in order to benefit from interest rate increases.
( 35
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Today's best CD rates are 6.50% from Financial Partners Credit Union, 6.18% from Bayer Heritage Federal Credit Union, and 6.14% from Minnequa Works Credit Union.
( 21
min )
Berkshire Hathaway CEO Warren Buffett has long favored stocks over bonds, a smart view given the historical outperformance of stocks.
( 25
min )
(Bloomberg) -- Kinder Morgan Inc. agreed to buy NextEra Energy Partners LP’s South Texas natural gas pipeline assets for $1.815 billion in cash.Most Read from BloombergTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateIsrael Latest: Biden Discusses ‘Tactical Pauses’ With NetanyahuWall Street Faces ‘Reality Check’ After Big Rally: Markets WrapAI Pioneer Kai-Fu Lee Builds $1 Billion Startup in Eight MonthsPrivate Credit Giants Are Butting Heads Over a Hot New Asset ClassThe STX Midstr
( 33
min )
Transaction to be funded with cash on hand and short-term debt, Kinder Morgan said.
( 27
min )
UPS has bought out a small contingent of senior pilots. An American Airlines regional partner is trying to attract them to fly small jets. The post UPS reduces pilot head count by nearly 200 with buyouts appeared first on FreightWaves.
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Learn how you can avoid these 11 common financial mistakes with your retirement savings.
( 28
min )
Along with announcing two new chips that promise to challenge even the mighty Apple Inc (NASDAQ: AAPL), Advanced Micro Devices Inc (NASDAQ: AMD) and Intel Corporation (NASDAQ: INTC), Qualcomm Incorporated (NASDAQ: QCOM) topped estimates with its latest quarterly results, signaling the chip market slump could be over. Upon results, Qualcomm stock rose more than 3% in extended trading as it provided a strong guidance that was supported by an optimistic China outlook, renewed contract with Apple an
( 34
min )
The housing bubble is heating up, with median 30-year mortgage rates hitting the 8% threshold, the highest since 1995. As monthly mortgage payments rise because of soaring home prices and interest rates, obtaining a mortgage has become increasingly challenging for many prospective buyers. Unsurprisingly, total application volume fell by 6.9% week-over-week as of Oct.18, 2023, according to data released by the Mortgage Bankers Association's seasonally adjusted index. As mortgage rates rose in tan
( 34
min )
Stock repurchase activity for Berkshire Hathaway was light, a sign that CEO Warren Buffett didn't think the shares were cheap.
( 27
min )
(Bloomberg) -- Dish Network Corp. suffered its worst stock decline in 23 years after reporting disappointing third-quarter revenue and a drop in wireless customers that was much worse than analysts predicted.Most Read from BloombergIsrael Latest: North Gaza Cut Off as Reported Deaths Pass 10,000Hedge Funds Catapulted Treasury Shorts to Record at Wrong TimeCanon’s Advanced Chip Machines to Cost a Fraction of ASML’s BestStock Rally Cools Down as Treasuries Make U-Turn: Markets WrapBankers Seek Leg
( 34
min )
Inflation rates have cooled to 3.7% from record 9% levels recorded last year, thanks to the Federal Reserve's aggressive interest rate hikes over the past year. However, the median consumer price index still lies significantly above the Fed's target 2% rate, implying further rate hikes down the road. Given the precarious economic scenario, the Fed has temporarily paused rate hikes over the past couple of months, as the Federal Open Market Committee left rates unchanged since July of this year. T
( 35
min )
Customers with several big U.S. banks expressed frustration after their paychecks didn't show up in their accounts.
( 33
min )
(Bloomberg) -- A record number of supertankers is steaming toward the US to load oil as shipowners look to capitalize on an increase in the nation’s crude exports. Most Read from BloombergIsrael Latest: North Gaza Cut Off as Reported Deaths Pass 10,000Hedge Funds Catapulted Treasury Shorts to Record at Wrong TimeCanon’s Advanced Chip Machines to Cost a Fraction of ASML’s BestStock Rally Cools Down as Treasuries Make U-Turn: Markets WrapBankers Seek Legal Cover After Backing $1.5 Trillion of ESG
( 33
min )
Can you retire at 65 with $750,000 in a Roth IRA and $1,800 in monthly Social Security? Based on median incomes and the 10x rule, most people will need about $740,000 to finance a secure retirement. So in theory, a $750,000 Roth IRA and $1,800 in Social Security benefits will be enough for many individuals […] The post I Have $750K in a Roth IRA and Will Receive $1,800 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
( 36
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Is it wise to start converting my 401(k) into an IRA (and then Roth) by 10% per year in order to avoid having to claim too much income each year when converting and also avoid RMDs as much as I can? -Cathy It's definitely smart to be thinking about this, Cathy. Systematic Roth conversions like […] The post Ask an Advisor: Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.
( 34
min )
(Bloomberg) -- Dish Network Corp. suffered its worst stock decline in 23 years after reporting disappointing third-quarter revenue and a drop in wireless customers that was much worse than analysts predicted.Most Read from BloombergIsrael Latest: North Gaza Cut Off as Reported Deaths Pass 10,000Hedge Funds Catapulted Treasury Shorts to Record at Wrong TimeCanon’s Advanced Chip Machines to Cost a Fraction of ASML’s BestStock Rally Cools Down as Treasuries Make U-Turn: Markets WrapBankers Seek Leg
( 34
min )
BofA Securities analyst Jessica Reif Ehrlich cuts her recommendation on shares of Paramount to Underperform from Buy. Paramount stock drops.
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( 35
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Thigs are just not as bad as they seem. There are some EV-related stocks to Buy.
( 33
min )
The S&P 500 hit its recent trough on October 27, when it bottomed out at 4,117. Since then, however, the index has had its single best week of 2023 – and it’s up 6% from that low point. The catalyst? A solid Q3 earnings season. With more than half of the S&P 500 companies having reported so far, 78% are beating expectations – well above the historical rate of 75%. In addition, the average ‘beat’ is well over 7%. The strong earnings have economists predicting Q3 earnings growth of about 2.4% when
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Rates on 30-year mortgages rates have plunged almost a half percentage point over the last four days, lowering the 30-year average to its cheapest level since September.
( 19
min )
(Bloomberg) -- When WeWork Inc. announced a multibillion-dollar rescue package earlier this year, the company’s management hailed it as a fresh start for the long-struggling global network of shared office spaces.Most Read from BloombergIsrael Latest: Hamas-Run Authorities Say Gaza Deaths Top 10,000Hedge Funds Catapulted Treasury Shorts to Record at Wrong TimeCanon’s Advanced Chip Machines to Cost a Fraction of ASML’s BestStocks Hold Gains After Big Rally on Fed Rates: Markets WrapThe deal would
( 35
min )
Trading in shares of WeWork were halted Monday as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection. Last week, The Wall Street Journal and other media outlets reported that WeWork was planning to file for Chapter 11 bankrutpcy protection as early as this week — citing unnamed sources familiar with the matter. A WeWork spokesperson said last week that the company does not comment on speculation and did not immediately return messages after trading in the company's stock was halted Monday.
( 34
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Jobs data shows a progressive softening of the labor market, pointing to a 2024 recession, Larry Hatheway writes.
( 34
min )
It has been a very good year for bitcoin investors. Against a backdrop of multiple bank collapses, a shaky economic macro and recent geopolitical issues, the leading crypto has more than doubled in value in 2023, with investors increasingly viewing bitcoin as a safe haven asset to lean on in troubled times. Of course, the growing mainstream acceptance represents a big change in attitude toward what was not long ago considered an extremely volatile and risky asset. But the good news is that this
( 37
min )
Wolfe Herd, a co-founder of Tinder, established the dating app Bumble in 2014 with the aim of empowering women in their relationships. Lidiane Jones, who is currently the CEO of Slack Technologies, will take over.
( 20
min )
CEO Jonathan Johnson stepped down Monday the first day Overstock made its transition to newly named Beyond
( 21
min )
↗️ Tesla (TSLA): Shares rose almost 2%. Reuters reported that Tesla plans to build a 25,000-euro car in Germany. Meanwhile, the elect
( 24
min )
BioNTech stock has dropped 36% this year as demand fell for its Covid-19 vaccines produced with Pfizer.
( 20
min )
A Reuters report about Tesla's next car is lifting the stock for a potential fifth consecutive day of gains.
( 23
min )
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(Bloomberg) -- Hilton Grand Vacations Inc. agreed to buy Bluegreen Vacations Holding Corp. in an all-cash deal for a total enterprise value of about $1.5 billion including net debt. Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Russ
( 33
min )
WeWork shares were halted pending news ahead of the opening bell Monday.
The company is likely to file for Chapter 11 bankruptcy protection as soon as this week, [the Wall Street Journal reported a few days ago](https://www.wsj.com/articles/wework-plans-to-file-for-bankruptcy-as-early-as-next-week-
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Though the IRS puts strict limits on how much you can contribute to an IRA annually, and limits on how much you can earn to open a Roth IRA, there are loopholes to be exploited.
( 28
min )
Citigroup's managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process. The bank did not immediately respond to a Reuters request for comment. Citi had said in September it would strip out a layer of management and cut jobs in a sweeping reorganization that would give Fraser more direct control as she seeks to simplify the Wall Street giant and boost its stock price.
( 33
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Unions are pushing for reduced working hours in Germany, a global trend that is prompting panic among the world's wealthy entrepreneurs.
( 34
min )
In an interview, Gold giant Newmont CEO Tom Palmer said the Cripple Creek mine in the U.S. may no longer be a fit for the company following its $14 billion acquisition of Australia’s Newcrest Mining.
( 27
min )
BioNTech stock has dropped 36% this year as demand fell for its Covid-19 vaccines produced with Pfizer.
( 20
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Hedge funds last week "aggressively" bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock rally fuelled by hopes that the U.S. central bank rate pause might stick. This left some caught in a squeeze, the bank said in a note on November 2, when short positions became too expensive to hold as stock prices rose. Many got tangled up trying to flee crowded trades which became losing positions, Goldman Sachs said in that note.
( 33
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Dish posted a surprise third-quarter loss. The group also dropped news of a deal and management shakeup.
( 20
min )
(Bloomberg) -- The S&P 500’s pitch is simple. Own it and get exposure to the biggest of the big among US firms. Lately it’s gotten harder to maintain that point of distinction.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Russia Tie
( 35
min )
(Bloomberg) -- One of the world’s most prominent emerging-market bears says the correction it has long predicted is just getting started. Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesMan Group Plc, the world’s biggest pu
( 35
min )
Defined-maturity bond funds from BlackRock and Invesco have grown in popularity this year.
( 27
min )
Even if savers are happy to absorb mounting public-debt piles, today’s financial plumbing may be too creaky to bear it.
( 27
min )
(Bloomberg) -- The S&P 500 Index’s best week in a year was just a bear market rally, according to Morgan Stanley’s top-ranked strategist.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesTechnical and fundamental support is m
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Here is how much money you and your employer can contribute to your 401(k) retirement savings plan in 2023 and 2024.
( 25
min )
(Bloomberg) -- Short sellers are facing the heat in South Korea once again, with regulators reimposing a full ban on the practice of selling borrowed shares in a controversial move that’s come just months before general elections.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael
( 36
min )
A look at SEC filings from last week signal looming record-keeping penalties and a broadening probe of COVID-era unemployment benefits at the nation's largest “super-regional.”
( 35
min )
(Bloomberg) -- Any year-end rally in stocks could prove short-lived because equities don’t fully reflect the outlook for rates remaining higher for longer, according to Jean Boivin, who heads the research arm at BlackRock Inc.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s F
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Learn the basic structure of a 401(k) and why it may not be enough to sustain you during retirement.
( 26
min )
Tesla will build a 25,000-euro ($26,837.50) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. The source, who declined to be named, did not specify when production will begin. Tesla declined to comment.
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Germany's residential construction sector was again hit by a wave of cancellations in October, according to a survey published on Monday that showed a record number of firms reporting abandoned projects. "It's getting worse all the time, with more and more projects failing due to higher interest rates and elevated construction prices," says Klaus Wohlrabe, Ifo head of surveys. "In residential construction, new business remains very low and companies' order backlogs are diminishing."
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Tesla will build a 25,000-euro ($26,837.50) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. The source, who declined to be named, did not specify when production will begin. Tesla declined to comment.
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For years, foreign companies plowed the profits they made in China back into the country. Not anymore.
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It's been an upbeat start to the week in Asia as markets cast aside concerns about rate hikes, and go straight to pricing in early cuts. That is not to say Europe is faring any better, many analysts look for the EU to enter recession this quarter.
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min )
Spot gold was down 0.4% at $1,983.49 per ounce by 0444 GMT after rising above the key $2,000 level on Friday. U.S. gold futures fell 0.4% to $1,990.60. "The major factor that will influence gold in the near-term will be the U.S. 10-year Treasury yields... if you start to see resurgence in yields, gold could break below the key support level around $1,974," said Kelvin Wong, senior market analyst for Asia Pacific at OANDA.
( 33
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Telecom Italia has approved the sale of its fixed-line network to KKR, part of a plan by the former monopoly to reduce increasingly unmanageable amounts of debt.
( 28
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(Bloomberg) -- Morgan Stanley estimates a sustained oil price of $110 a barrel could undermine India’s economic stability, likely forcing the central bank to resume hiking interest rates.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons
( 34
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China recorded its first-ever quarterly deficit in foreign direct investment (FDI), according to balance of payments data, underscoring Beijing's challenge in wooing overseas companies in the wake of a "de-risking" move by Western governments. Direct investment liabilities - a measure of FDI - were a deficit of $11.8 billion during the July-September period, according to preliminary data of China's balance of payments released late on Friday. That's the first quarterly shortfall since China's foreign exchange regulator began compiling the data in 1998, which could be linked to the impact of "de-risking" by Western countries from China amid growing geopolitical tensions.
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(Bloomberg) -- In the fast-moving world of battery metals, 2022 already feels like a bygone era. Back then, prices were soaring, automakers were fretting about long-term shortages and Elon Musk was describing lithium costs as “insane.”Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesI
( 36
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(Bloomberg) -- Hedge funds extended short positions on Treasuries to a record just before smaller-than-expected US bond sales and weaker jobs data spurred a rally. Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesLeveraged f
( 33
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Ask yourself the right questions to tell whether you’re ready to close the chapter on your career.
( 23
min )
(Bloomberg) -- Elon Musk revealed his own artificial intelligence bot to challenge ChatGPT, claiming the prototype is already superior to ChatGPT 3.5 across several benchmarks.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Russia Tie
( 33
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Major global currencies were steady early on Monday but seemed poised to extend last week's uptrend as the dollar nursed its losses after the Federal Reserve dialled down its hawkish rhetoric. The dollar index was flat at 105.11, with the euro at $1.0726. The dollar index declined more than 1% last week, its heaviest fall since mid-July and hit a six-week low.
( 34
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(Bloomberg) -- South Korean stocks surged following the nation’s move to reimpose a full ban on short-selling for about eight months as authorities look to stomp out illegal use of the trading tactic in order to curb market turmoil.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsra
( 32
min )
(Bloomberg) -- Shares in Asia were primed to advance after Friday’s rally in US stocks and bonds as investors gave further credence to the idea interest rates are near the cycle peak.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Rus
( 34
min )
(Bloomberg) -- What’s the most important price in the global economy? The price of oil? The price of semiconductors? The price of a Big Mac? More important than any of these is the price of money. For more than three decades it was falling. Now it’s going up. Ask most people how the price of money is set, and they’ll say central banks. True, when it comes to direct control of US interest rates, the Federal Reserve calls the shots. But there’s a deeper logic at work. Fundamentally, the price of m
( 37
min )
Een rechter in Italië heeft opdracht gegeven beslag te leggen op 779 miljoen euro van verhuurplatform Airbnb. Het bedrijf wordt ervan verdacht tussen 2017 en 2021 geen belasting te hebben afgedragen over de opbrengsten uit verhuur.
( 9
min )
De Gelderse oud-zakenman en miljardair Hans Melchers is dit weekeinde op 85-jarige leeftijd overleden, meldt Museum MORE op de website. Melchers was de oprichter van het museum in het Gelderse Gorssel.
( 9
min )
Opnieuw is een onderzeese kabel in de Oostzee beschadigd geraakt, melden Finse autoriteiten. Het gaat om een Russische telecomkabel, die momenteel wordt gerepareerd door een Russisch schip.
( 9
min )
De Egyptische frisdrankenproducent Spiro Spathis lijkt voorlopig van de ondergang gered door de strijd in Gaza. Het meer dan honderd jaar oude bedrijf profiteert van een oproep in het Midden-Oosten om westerse merken niet langer te kopen.
( 9
min )
Het sociale medium X heeft één persoon in het moderatieteam van wie Nederlands de eerste taal is. Dit team bekijkt welke (gerapporteerde) berichten wel of niet aan de regels van het voormalige Twitter voldoen.
( 9
min )
Het Openbaar Ministerie (OM) eist 25 miljoen euro tegen petrochemiereus Sabic Limburg in Geleen. Sabic wordt verdacht van een opeenstapeling van onveilige werkprocessen. Daardoor raakten drie werknemers gewond, waarvan er één overleed.
( 11
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Het Openbaar Ministerie (OM) eist 25 miljoen euro tegen petrochemiereus Sabic Limburg in Geleen. Sabic wordt verdacht van een opeenstapeling van onveilige werkprocessen. Daardoor raakten drie werknemers gewond, waarvan er één overleed.
( 10
min )
De website van de ov-chipkaart is sinds zaterdag verminderd bereikbaar na een ddos-aanval. Inmiddels is de aanval verholpen, zegt een woordvoerder van Translink, het bedrijf achter de ov-chipkaart. De aanval is opgeëist door een pro-Russische hackersgroep.
( 8
min )
MediaMarkt heeft goedkeuring gekregen om acht winkels van het failliete BCC over te nemen. Volgens toezichthouder ACM blijft er na de overname genoeg concurrentie over.
( 9
min )
De prijzen van belangrijke grondstoffen voor het maken van batterijen voor elektrische auto's zijn dit jaar flink gedaald. Zo ging de prijs van lithium met bijna 70 procent omlaag en nikkel is ongeveer 40 procent goedkoper geworden.
( 10
min )
Ondanks flink duurdere tickets stapten meer reizigers afgelopen zomer aan boord bij Ryanair dan in dezelfde periode vorig jaar. Dat levert de prijsvechter een winststijging op van bijna 60 procent.
( 9
min )
Dit jaar zijn al duizend webwinkels offline gehaald wegens online fraude, blijkt uit cijfers van de politie. Dat is ruim 30 procent meer dan in heel 2022.
( 9
min )
MediaMarkt heeft goedkeuring gekregen om acht winkels van het failliete BCC over te nemen. Volgens toezichthouder ACM blijft er na de overname genoeg concurrentie over.
( 8
min )
De website van de ov-chipkaart is zaterdag niet bereikbaar door een ddos-aanval, dat zegt een woordvoerder van het bedrijf achter de ov-chipkaart, Translink. De aanval is opgeëist door een pro-Russische hackersgroep.
( 8
min )
Ondanks flink duurdere tickets stapten meer reizigers afgelopen zomer aan boord bij Ryanair dan in dezelfde periode vorig jaar. Dat levert de prijsvechter een winststijging op van bijna 60 procent.
( 9
min )
Vorig jaar zijn veel minder kantoren omgebouwd tot een woning dan in 2021. Voor het eerst sinds 2015 zijn minder dan tienduizend panden in huizen veranderd.
( 9
min )
PostNL blijft last houden van consumenten die door de hoge inflatie minder uitgeven. Daardoor heeft de post- en pakketbezorger het afgelopen kwartaal iets minder pakketten verwerkt dan een jaar eerder. Ook sturen we elkaar steeds minder brieven.
( 3
min )
Het RIVM waarschuwt dat er tegen 2030 een drinkwatertekort dreigt te ontstaan. Er valt nog veel te leren als het aankomt op het opslaan van water, maar we kunnen zelf ook ons steentje bijdragen. Hoe ziet jouw watergebruik eruit? Houd jij je bezig met water besparen? Heb je een regenton in de tuin of douche je kort? Deel je tips en ervaringen in de reacties.
( 8
min )
De export van Nederlandse producten aan Turkije is enorm gegroeid in de afgelopen twee jaar. Sinds de Russische inval in Oekraïne mogen sommige producten niet meer aan Rusland worden verkocht, zoals vrachtwagens en rekenmachines. Nederlandse bedrijven lijken Rusland via Turkije alsnog te bereiken.
( 9
min )
De export van Nederlandse producten aan Turkije is enorm gegroeid in de afgelopen twee jaar. Sinds de Russische inval in Oekraïne mogen sommige producten niet meer aan Rusland worden verkocht, zoals vrachtwagens en rekenmachines. Turkije heeft wel interesse.
( 9
min )
In het derde kwartaal vlogen er bijna 21 miljoen passagiers van en naar Nederlandse luchthavens. Dat is 11 procent meer dan in dezelfde periode in 2022. Sinds 2020 vliegen we elk jaar meer, maar voor de coronapandemie vlogen we nog vaker.
( 9
min )
Tesla's management in Germany last week unveiled a package of wage increases for workers, raising salaries by 4%, during Elon Musk's visit to the Gigafactory on the outskirts of Berlin, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
( 32
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Westpac said its annual net profit rose by 26% underpinned by growth in key divisions, with the company launching a $980 million share buyback and increasing its dividend.
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Mutual funds manage more than $20 trillion in assets, so tax-loss selling in late October could drive big shifts in the stock market at year-end.
( 33
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FedEx pilots are experiencing significant pay decreases because there isn’t enough flying to go around. The company is pushing cockpit crews to take jobs at a regional passenger airline. The post FedEx tells pilots to switch to American Airlines feeder operator appeared first on FreightWaves.
( 39
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A seismic decision in a massive class-action lawsuit could save home buyers and sellers billions of dollars each year. But the fight is far from over.
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Here is a plan for how to ensure that early retirement isn't just a pipe dream.
( 25
min )
The largest publicly traded U.S. brokerage is among the worst-performing stocks in the S&P 500 this year.
( 23
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Judging from past rate plateaus, it may pay to bet on small-cap and growth stocks—and to do it early.
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Coming up next week: more earnings, updates on household credit, and consumer sentiment.
( 21
min )
A surprising borrowing plan from the Treasury Department helped drive down bond yields and revive stocks.
( 27
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Every successful stock portfolio starts with the right stock choices, but how can investors find those? There are thousands of firms traded on the public markets, tens of thousands of traders hawking those shares, and multiple millions of daily transactions on Wall Street’s trading floors. The sheer volume of data presents a solid barrier to most investors. But that’s what data sorting tools were invented for – tools like the Smart Score. This is a sophisticated algorithm, using AI and natural l
( 37
min )
Social Security recipients will get a 3.2% COLA raise in 2024. All of it and more will likely be eaten by healthcare costs, leaving seniors in a hole.
( 35
min )
Microsoft Corp. (MSFT) shares keep rising, up 47% in 2023. Unusual money flows reveal why.
( 33
min )
PulteGroup, Inc. (PHM) shares are surging, up 83% in 2023. Unusual money flows reveal why.
( 33
min )
(Bloomberg) -- South Korea will prohibit stock short-selling from Monday until June 2024 to allow regulators to “actively” improve rules and systems, the Financial Services Commission said Sunday. Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syr
( 33
min )
South Korea's financial authorities said on Sunday a ban on all short-selling will be re-imposed in the local stock market starting on Monday to help create a "level playing field" for both retail investors and institutional and foreign investors. The new restriction will go into effect on Monday, South Korea's Financial Services Commission (FSC) said in an announcement on Sunday. "The measure is aimed at fundamentally easing 'the tilted playing field' between institutional and retail investors," FSC Chairman Kim Joo-hyun told a news briefing.
( 32
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(Bloomberg) -- Bankers servicing one of the world’s biggest ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations that may be ahead.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria
( 37
min )
(Bloomberg) -- Bond investors and rates traders are increasingly betting interest-rate cuts will start by the summer, challenging policymakers’ mantra of high borrowing costs for the foreseeable future.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies i
( 34
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American and Canadian governments provide many of the same types of services for those in retirement, but subtle differences between the two exist.
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Social Security—one of America's most popular benefit programs—is wholly run by the government. Does that make Social Security socialism?
( 31
min )
(Bloomberg) -- This was supposed to be the year that China’s economy roared back to life and, in the process, turned the country’s stocks and bonds into must-buys for global investors once again.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria
( 35
min )
Their inverse correlation with stocks and bonds make these investments worth getting to know.
( 25
min )
Investors are better off ignoring macroeconomic forecasts and focusing instead on the lessons that microeconomics can teach them.
( 25
min )
Learn more about the Genesis Block, the original Bitcoin block, created when the first bitcoin was mined in 2009.
( 23
min )
A layoff occurs when an employer suspends or terminates a worker, either temporarily or permanently, for business rather than performance reasons.
( 26
min )
Here's the rundown on how different ETF dividends are taxed.
( 25
min )
Bitcoin keeps getting older, despite being declared dead many times. Here's a refresher and some thoughts on the whitepaper that started the cryptocurrency craze.
( 30
min )
Find out which countries produce the most oil in Latin America, and learn about some of the biggest oil companies operating in each country.
( 24
min )
An after-tax contribution is a deposit into a retirement account of money that has been taxed in the year in which it was paid into the account.
( 23
min )
Here is a plan for how to ensure that early retirement isn't just a pipe dream.
( 25
min )
Energy exchange-traded funds (ETFs) offer several ways to invest in the sector, from oil and gas companies to alternative energy sources.
( 23
min )
Green Monday refers to one of the retail industry's busiest shopping days, occurring on the second Monday in December.
( 24
min )
Spears' long-awaited memoir, The Woman In Me, sold 1.1 million copies (including pre-orders, print, e-books, and audiobooks) in the first week of its release on October 24. The pop icon has a net worth of about $60 million from her lucrative music career, perfume lines, and real estate portfolio.
( 21
min )
Coming up next week: more earnings, updates on household credit, and consumer sentiment.
( 21
min )
American and Canadian governments provide many of the same types of services for those in retirement, but subtle differences between the two exist.
( 30
min )
Social Security—one of America's most popular benefit programs—is wholly run by the government. Does that make Social Security socialism?
( 31
min )
Tijdens de VN-klimaatconferentie vorig jaar werden landen het eens dat er een klimaatschadefonds moet komen. Maar het was lang onzeker hoe dat eruit moet zien. Daarom gingen rijke en arme landen dit weekend in gesprek en werden concrete stappen gezet.
( 9
min )
Saoedi-Arabië en Rusland houden vast aan de verlaging van de olieproductie. Rusland gaf al eerder aan de vrijwillige verlaging van de olieproductie door te zetten.
( 3
min )
Afgelopen maand viel er ontzettend veel regen. Met een totale neerslag van 205 millimeter in de Bilt, is het de natste maand ooit gemeten. Door klimaatverandering worden onze winters bovendien regenachtiger. Toch dreigt er tegen 2030 een drinkwatertekort te ontstaan, hoe kan dat?
( 9
min )
Werknemers in de Nederlandse houthandel leggen maandag opnieuw het werk neer. Dat melden vakbonden FNV en CNV. De bonden willen met de acties een betere cao afdwingen. De werkonderbreking is in navolging van de landelijke staking van 48 uur vorige week.
( 9
min )
De inflatie in de eurozone zal in 2025 weer zijn teruggezakt naar de gewenste 2 procent. Dat voorspelt ECB-president Christine Lagarde in een interview met de Griekse krant Kathimerini.
( 9
min )
China gaat meer buitenlandse goederen importeren. Ook zet het land de deur voor zaken met buitenlandse bedrijven verder open.
( 8
min )
De inflatie in de eurozone zal volgens president Christine Lagarde van de Europese Centrale Bank (ECB) in 2025 weer terug zijn gezakt naar de doelstelling van 2 procent. Dat zegt Lagarde in een interview met de Griekse krant Kathimerini.
( 9
min )
Most Value at Risk models assume away extremely high levels of volatility. This makes VaR particularly poorly adapted, yet well-suited, for stress testing.
( 23
min )
Taking a formal course on retirement planning can help you learn how to maximize your own plan or help others do the same.
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Unlike IRA contributions, 401(k) contributions generally must be paid during the calendar year to be deductible from that year's income.
( 23
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In 2023, you can contribute up to $6,000, or $7,000 if you’re age 50 or older, to all of your Roth and traditional IRA accounts.
( 32
min )
UAW has negotiated a 25% wage increase over the life of the contract, which runs to September 2027, according to Union leadership Saturday.
( 18
min )
Learn what the concept of negative correlation means, understand how it is generally calculated and see how it is used in the construction of portfolios.
( 21
min )
Taproot—one of Bitcoin's most significant upgrades—was implemented on its network in November 2021. Here's a brief primer.
( 21
min )
Berkshire Hathaway reported its third-quarter earnings, which saw it's biggest cash hoard to date and a 40% increase in operating income.
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We'll show you how to set yourself up to retire in style.
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Food delivery company and e-commerce retailer DoorDash posted earnings that beat analysts' expectations, as orders rose at a double-digit pace and the company drew more users onto its platform.
( 18
min )
Capital employed, also known as funds employed, is the total amount of capital used for the acquisition of profits. Learn how this calculation can be used.
( 25
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Business risk is the exposure a company or organization has to factor(s) that can lower its profits or lead it to fail. Learn how risk is created and how to avoid it.
( 26
min )
Analysts have weighed in on Apple's Q4 2023 financial results, with most taking the view that the quarter is decent-performing, but with caution about a shorter Q1 2024.
( 36
min )
Warren Buffett and his team sold over $5 billion of stocks on a net basis last quarter, boosting their mountain of cash and Treasuries to a new high.
( 34
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(Bloomberg) -- A prospect that might have seemed unthinkable just a couple short weeks ago is coming into view for bond traders: The potential for US Treasuries to post an annual gain for the first time since 2020.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Ir
( 34
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In 2023, you can contribute up to $6,000, or $7,000 if you’re age 50 or older, to all of your Roth and traditional IRA accounts.
( 32
min )
Starbucks is counting on three of the world's biggest tech giants — Microsoft, Amazon and Apple — to help power a new growth sprint for the coffee giant.
( 34
min )
A $1.8 billion verdict this week against the National Association of Realtors and large brokerages likely spells changes ahead.
( 33
min )
As the labor deal ratification process continues, UAW President Shawn Fain repeated his message to non-union auto workers: Get ready to stand up.
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Learn what the concept of negative correlation means, understand how it is generally calculated and see how it is used in the construction of portfolios.
( 21
min )
Berkshire Hathaway saw higher profits from its insurance business and more income from its huge cash holdings.
( 32
min )
(Bloomberg) -- The stock market just finished its best week in almost a year, but lurking beneath the euphoric surface are fears about Corporate America’s profit outlook.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesAmong
( 34
min )
China’s economy, war in the Middle East and a predicted El Niño are among the factors experts are looking at.
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min )
The conglomerate’s quarterly loss widened, stung by the stock market downturn.
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min )
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Berkshire Hathaway reported its third-quarter earnings, which saw it's biggest cash hoard to date and a 40% increase in operating income.
( 20
min )
Deere, Agco and CNH Industrial are offering cheaper retrofits to ease the transition to more automation.
( 24
min )
(Bloomberg) -- Between 2013 and 2017, Peter To claims he made more than $1 million by day-trading Bitcoin during its bull runs.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesWhile the world’s largest cryptocurrency has ral
( 35
min )
Warren Buffett's company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well. Berkshire Hathaway said Saturday that it lost $12.8 billion, or $8,824 per Class A share, in the quarter. Accounting rules require it to include the value of its investments, which it put at $341.1 billion at the end of the quarter, in its earnings.
( 33
min )
(Bloomberg) -- Berkshire Hathaway Inc.’s cash pile scaled a fresh record at $157.2 billion, bolstered both by elevated interest rates and a dearth of meaningful deals where billionaire investor Warren Buffett could put his money to work. Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesIceland’s Blue Lagoon on Alert for Magma Flows After Earthquake
( 33
min )
Berkshire said its third-quarter net loss was $12.77 billion, or $8,824 per Class A share, and compared with a $2.8 billion loss a year earlier. Operating profit rose 41% to $10.76 billion, or $7,444 per Class A share, from $7.65 billion a year earlier. Berkshire said it repurchased $1.1 billion of its stock in the quarter, and has bought back about $7 billion this year.
( 33
min )
Shifts in the U.S. tobacco market are trickier for expensive brands like Marlboro to navigate than cheaper rivals.
( 27
min )
It was 2002 and with New Labour still riding high on the back of the largest-ever second-term majority in British electoral history, Tony Blair and his entourage swept into the building.
( 38
min )
The convicted FTX founder once stood for crypto’s potential primacy over traditional finance. Now, he represents its deflated ambitions.
( 28
min )
Anthony Albanese, making the first visit by an Australian leader to China since before a diplomatic rift in 2020, could face a tough task in repairing trade ties.
( 28
min )
The payments company is under pressure. Jack Dorsey, the often-distant CEO, says he is stepping back into the ring.
( 25
min )
"You trust your parents. This is not what they should be doing to their children."
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(Bloomberg) -- If the oil market offers clues about the state of the economy, it’s through the prism of two petroleum products: diesel and naphtha. And in Europe, the news is bleak.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesIsrael Latest: Hezbollah Warns on Escalation, US Deploys DronesIceland’s Blue Lagoon on Alert for Magma Flows After Eart
( 35
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Pano Christou worked his way up the corporate ladder, landing the top job after two decades and 10 promotions at the company.
( 36
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(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesIsrael Latest: Hezbollah Warns on Escalation, US Deploys DronesIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesAs Russia’s central bank prepared to lift interest rates last w
( 36
min )
China heeft opnieuw een grote langjarige deal gesloten met Qatar voor de levering van vloeibaar gemaakt aardgas (lng). Dat is een nieuwe stap van de Chinezen om de energiezekerheid in het land veilig te stellen.
( 8
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De bekende Amerikaanse beursmiljardair Warren Buffett heeft zijn enorme bulk cashgeld in het afgelopen kwartaal zien stijgen tot een recordbedrag van 157,2 miljard dollar, omgerekend zo'n 148 miljard euro.
( 8
min )
Het Duitse chemiebedrijf Merck overweegt banen te schrappen vanwege een afgenomen vraag bij de tak die grondstoffen maakt voor de elektronica-industrie.
( 8
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De website van de ov-chipkaart is zaterdag niet bereikbaar door een ddos-aanval, zegt een woordvoerder van het bedrijf achter de ov-chipkaart, Translink. De aanval is opgeëist door een pro-Russische hackersgroep.
( 8
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De Duitse minister van Financiën Christian Lindner voelt niets voor een vierdaagse werkweek met een voltijds salaris. "Nooit in de geschiedenis heeft een samenleving haar welvaart vergroot door minder te werken", vindt de minister.
( 3
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De Duitse minister van Financiën Christian Lindner voelt niets voor een vierdaagse werkweek met een voltijds-salaris. Dat zegt de minister op een beleidsevenement in het Zwitserse Luzern.
( 3
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Nederland moet hard gaan werken aan de opslag van energie. Maar investeren in die opslag is volgens de energiesector nu niet rendabel. Daardoor groeit de kans dat we de komende jaren zonder stroom komen te zitten.
( 10
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Nederland moet hard gaan werken aan de opslag van energie. Maar investeren in die opslag is volgens de energiesector nu niet rendabel. Daardoor groeit de kans dat we de komende jaren zonder stroom komen te zitten.
( 10
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Individual stocks haven’t reacted well to earnings, but the stock market surged anyway.
( 35
min )
Analysts size up ConocoPhillips, Cooper Cos., SolarEdge, Expedia, First Horizon, and Block
( 27
min )
Days after the 10-year Treasury yields reached a 16-year high of 5 percent, a CBRE (CBRE) investment report concluded that increased yields on the benchmark Treasury bond have eroded investor confidence in commercial real estate and will contribute to lower values across all asset classes in 2024. “Our econometric models indicate that the rise in the 10-year Treasury yield to 5 percent or more, if sustained, will raise cap rates and lower capital values for commercial real estate,” the CBRE report concluded.
( 36
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Today's best CD rates are 6.50% from Financial Partners Credit Union, 6.18% from Bayer Heritage Federal Credit Union, and 6.14% from Minnequa Works Credit Union.
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Here are some of the major companies whose stocks moved on the week’s news.
( 27
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To all the homebuyers dreading the toxic mix of low inventory and 8% mortgage rates, how does a cooling economy and a 7.4% rate sound?
( 35
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These are the top young leaders on Wall Street. From influencing how the world's biggest hedge fund invests to helping Fortune 500 companies raise capital.
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The S&P 500 rose 0.9% on Friday, Nov. 3, 2023, after the Labor Department reported fewer jobs were created in October than expected, boosting optimism the Fed might not hike rates further this year.
( 18
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Chevron stock has dropped
( 31
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Truck-stop operator Pilot is suing Berkshire Hathaway, claiming Warren Buffett's company is using accounting adjustments to potentially shortchange the family that once controlled it.
( 31
min )
Starbucks soared 12% after crushing its earnings, surprising analysts. Another surprise: It's investing in things that help its workers do their jobs better.
( 36
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(Bloomberg) -- Former Treasury Secretary Lawrence Summers warned against the exuberance taking hold in financial markets that the Federal Reserve has effectively won the war on inflation.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesHedge Fund Executive’s Sudden Death Exposes a Firm Deep in TroubleS&P 500 Notches Best Week in 2023 as Yields Tumb
( 35
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While inflation has made real estate investment trusts (REITs) more appealing to many investors, the rate hikes that followed sent many running in the opposite direction. Higher interest rates have not only hindered company growth but have also made REIT dividend yields less attractive than the "risk-free" Treasury yields. When dividend yields start hitting double digits, however, some REITs become a little too tempting to ignore. Are these 10%+ yields too good to pass up, or too good to be true
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The new headline 5.27% I bond rate only applies to new bonds. Your new rate for an existing I bond is likely much lower, and you may be better off cashing it out for a CD.
( 23
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(Bloomberg) -- Two of Bank of America Corp.’s leading markets strategists struck a rare agreeable tone on Friday, each prophesying gains ahead for equities — at least in the near term.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael Latest: Hezbollah Warns on Escalation, US Depl
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Just as price increases are cooling off for most products and services people buy, inflation is heating up for some of the bigger-ticket items in household budgets: auto and homeowners insurance policies.
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( 21
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Nio will reduce jobs this month and cut or defer some investment, as the electric-vehicle startup contends with widening losses and rising competition.
Shanghai-based Nio will [cut about 10% of positions](https://www.wsj.com/business/nio-to-cut-jobs-investment-in-face-of-rising-competition-592c07c5
( 23
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(Bloomberg) -- Billionaire investor Stanley Druckenmiller isn’t letting up in his verbal sparring with Treasury Secretary Janet Yellen, saying her department is defending itself with faulty arithmetic.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashHedge Fund Executive’s Sudden Death Exposes a Firm Deep in TroubleIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesApple Warns of Sluggish Holiday Qu
( 34
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Influential investor Warren Buffett has been doling out investment advice since the beginning of his career. A staunch advocate of value investing in large-cap, well-managed equities, Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Investing in high-quality dividend stocks can help you generate substantial passive income, creating a sturdy cushion for retirement as well as side earnings. Companies categorized as dividend aristocrats have a
( 35
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Bill Gates is a central figure in the tech and business sector, having transformed the technology landscape as the co-founder of Microsoft Inc. and becoming one of its most affluent individuals. He reached billionaire status in 1987, and by 1995, Forbes named him the world’s richest person, a distinction he held for most of the next two decades. Despite his immense wealth, for the first 10 years as a billionaire, he chose to fly in economy class. Now, he owns a fleet of jets and is one of the mo
( 35
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I am 48 years old. I made $310,000 last year and I currently have $546,000 in my retirement plan at work. My husband is on disability and doesn't work and does not have a 401(k) plan. I wanted to open a Roth IRA but I read that I make too much money. What options do […] The post Ask an Advisor: I Made $310,000 Last Year and Have $546,000 in Retirement Savings, But My Spouse Doesn’t Work. How Can I Save More? appeared first on SmartReads by SmartAsset.
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Global hedge funds using algorithms to trade stocks endured one of their worst days of the year on Thursday, a Goldman Sachs note on Friday showed, a sign that a sharp rally in shares on hopes that global rate hikes are over caught some off guard. Systematic fund managers, particularly those which had short bets on highly traded stock names, got caught trying to get out of crowded trades and found themselves stuck in losing positions, Goldman Sachs said. An index of these funds tracked by Goldman Sachs had their "third worst single day this year," the investment bank said in a note to clients.
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Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, was found guilty by a jury on seven counts including fraud and money laundering after a month-long trial.
( 21
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Charlie Munger isn't too worried about Apple's valuation.
During a recent conversation with the Berkshire Hathaway vice chairman, I asked if he thought the tech giant's shares have gotten expensive to continue being a [major Berkshire holding](https://www.wsj.com/articles/berkshire-hathaway-kicks-o
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After already falling for two days, 30-year mortgage rates have plummeted another two-tenths of a point, lowering the average to its cheapest level since September.
( 19
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The family who founded Pilot Travel Centers and sold 80% of it to Berkshire Hathaway has filed suit over valuing the final 20%. The post Haslam family sues Berkshire over valuing of final chunk of Pilot appeared first on FreightWaves.
( 35
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Icahn Enterprises' shares jumped nearly 14% after the company said it would maintain its quarterly dividend.
IEP said Friday it would pay a dividend of $1 a share in the third quarter, which represents a yield of around 20%. IEP also reported better-than-expected third-quarter revenue of $3 billion
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Nio is about to lay off 10% of its workforce, according to Reuters. It could have implications for Tesla, BYD, and other EV peers.
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Consumer spending has long been a primary driver of the US economy. The average household, with its non-negotiable needs and its appetite for entertainment and relaxation, provides the support for a vast economic edifice – of retail, services, industry, and logistics. And, of course, for leisure. Theme parks are popular entertainment destinations, perfect for day trips or as the centerpiece of a longer vacation. The park industry has seen headwinds this year – high inflation has forced them to r
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SBF’s enormous fraud was made possible with venture capital dollars.
( 34
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The world's third richest person is leaving Washington, home to a new state-wide levy on asset disposals after a legal challenge failed in court this year.
( 34
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Icahn Enterprises halved its dividend last quarter but says Friday it will keep the current $1 payout steady.
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“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts. The post Maersk cutting 10,000 jobs in face of ‘worsening market conditions’ appeared first on FreightWaves.
( 36
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It might not be long until résumé are a thing of the past because most bosses are favoring skills-based hiring and reporting big results.
( 34
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Rivals Palo Alto, ZScaler and CrowdStrike fell between 2.5% and 3.8%. Fortinet cut its annual revenue target on Thursday and said it expects current-quarter sales between $1.38 billion and $1.44 billion, below estimates of $1.50 billion, LSEG data showed. "We thought sentiment reflected an expectation for a miss/ guide down, but the magnitude was even worse than our bogeys," said Raymond James analysts.
( 33
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(Bloomberg) -- US Treasury Secretary Janet Yellen disputed billionaire investor Stan Druckenmiller’s assertion that her department had made “the biggest blunder in history” by not taking advantage of near-zero interest rates to sell more longer-term bonds.Most Read from BloombergSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashAmazon’s Jeff Bezos Announces Move to Miami From SeattleHedge Fund Executive’s Sudden Death Exposes a Firm Deep in TroubleIntuit Is Closing Personal-Finance App M
( 33
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If you're in your mid-60s and still working, it may be time to start seriously planning for retirement. That doesn't mean you need to leave work immediately, but retirement is likely on the horizon. Imagine you're 65 years old, you have $250,000 in an IRA and expect to receive $3,000 per month from Social Security. […] The post I Have $250k in an IRA and Will Receive $3,000 Monthly From Social Security. Can I Retire in 5 Years at 70? appeared first on SmartReads by SmartAsset.
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I have a million dollars and I want to put it to work for me. Where can I put it to make the most amount of passive income from it? Also, how can I minimize taxes on that to be able to keep more of that money? – Andrea While today's high-interest rate environment has […] The post Ask an Advisor: I Have $1 Million and Want It to Work for Me. How Do I Maximize Passive Income and Minimize Taxes? appeared first on SmartReads by SmartAsset.
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Chinese electric-vehicle maker Nio will reduce positions and cut or defer some investment, moves aimed at boosting its viability as it contends with widening losses and rising competition.
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(Bloomberg) -- A brief cash squeeze rattled China’s money markets earlier this week, illustrating how the nation’s tightly-managed financial system is under strain from the government’s deluge of debt sales.Most Read from BloombergSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashAmazon’s Jeff Bezos Announces Move to Miami From SeattleHedge Fund Executive’s Sudden Death Exposes a Firm Deep in TroubleIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaHarvard, Yale Wa
( 34
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(Bloomberg) -- Warren Buffett’s Berkshire Hathaway is poised to show that persistently high interest rates have helped the conglomerate more than they hindered it. Most Read from BloombergSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashAmazon’s Jeff Bezos Announces Move to Miami From SeattleHedge Fund Executive’s Sudden Death Exposes a Firm Deep in TroubleIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaHarvard, Yale Warned by Top Law Firms About AntisemitismThe
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(Bloomberg) -- Nio Inc. said it is cutting jobs and and may spin off non-core businesses to reduce costs and improve efficiency, as the Chinese electric-vehicle maker falls way short of its sales targets and continues to post losses.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashHedge Fund Executive’s Sudden Death Exposes a Firm Deep in TroubleIntuit Is Closing Personal-Finance App Mint, Shifts Users to Cr
( 35
min )
Apple's forecast for the holiday quarter disappoints, Block stock surges on strong guidance, and Bill Holdings slumps after a weak outlook from the financial platform.
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The UAW announces that Local 900 voted 82% in favor of the new labor contract.
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(Bloomberg) -- Apple Inc.’s disappointing holiday-quarter outlook has cast a spotlight on its mounting problems in China, where the iPhone maker is struggling with the unexpected rise of Huawei Technologies Co. and an increasingly hostile business environment.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaIsrael Latest: Blinken Set fo
( 35
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Analysts expect midteens annualized earnings growth over the next two years, which should pump Meta Platforms stock higher, especially considering that it isn’t very expensive.
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Three passengers who were aboard an Alaska Airlines jet when an off-duty pilot riding in the cockpit "jump seat" allegedly tried to disable the plane's engines sued the Seattle-based carrier on Thursday, accusing it of breaching its duty to ensure flight safety. The lawsuit, which also names Horizon Air as a defendant, stems from an in-flight emergency declared by the crew of Alaska Airlines Flight 2059 over the Pacific Northwest while the aircraft was en route from Everett, Washington, to San Francisco, on Oct 22. The Alaska Airlines flight was operated by the group's regional subsidiary Horizon Air.
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Bitcoin and Ether Drop 3% In Choppy Trading
( 33
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All CEOs know how to stay on message, but the Apple CEO's comments about generative AI are on a whole other level.
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Today's best CD rates are 6.50% from Financial Partners Credit Union, 6.18% from Bayer Heritage Federal Credit Union, and 6.14% from Minnequa Works Credit Union.
( 19
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How does the Federal Reserve System affect ordinary citizens? In more ways than you might realize.
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If you've found it harder to save this year, you're not alone. Inflation is tightening Americans' abilities to put cash away, which can cause problems if an emergency hits.
( 16
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Traditional and Roth IRAs offer a tax-advantaged way to save for retirement, but there are contribution limits and strict rules regarding withdrawals.
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Block Inc. shares surged Friday after the fintech company posted a smaller-than-expected loss for the third quarter and boosted its full-year guidance, thanks to strong revenue and user growth on its Cash App.
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Tax-deferred status refers to investment earnings that accumulate tax-free until the investor takes constructive receipt of the gains. The most common types of tax-deferred investments include individual retirement accounts and deferred annuities.
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The S&P 500 rose 0.9% on Friday, Nov. 3, 2023, after the Labor Department reported fewer jobs were created in October than expected, boosting optimism the Fed might not hike rates further this year.
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The Medicare Part B premium is a monthly fee participants pay for subsidized insurance coverage of outpatient health care services. In 2024, the monthly premium is $174.70.
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A revolving loan facility allows a borrower to obtain a loan with the flexibility to drawdown, repay, and redraw loans advanced to it.
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Restaurant Brands shares dropped after reporting lower-than-expected revenue for the third quarter as comparable store sales growth slowed at Burger King.
( 17
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While Americans have been buying up gold bars at Costco with enthusiasm, global demand for gold fell slightly in the third quarter compared to last year, a report from the World Gold Council earlier this week showed.
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The Economic Recovery Tax Act of 1981 was a law for the largest tax cut in American history. Much of it was reversed a year later.
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Learn what financial assistance exists to help you pay for health insurance, including Medicare savings program, the premium tax credit, and cost-sharing reductions.
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Expedia shares soared 18% Friday after posting better-than-expected results and announcing a stock buyback plan as travel demand boomed.
( 17
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By participating in your employer-sponsored retirement plan, you earn several benefits. Here are three reasons to sign up.
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Learn what steps need to be taken in order to obtain the Financial Risk Manager designation.
( 21
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Apple shares lost ground Friday after the company's third-quarter earnings showed revenue declining with sales in China dropping, though some analysts suggest worries about Apple's sales in China may be overblown.
( 18
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Employers can bolster workers’ long-term financial security by educating them on the full consequences of 401(k) loans and offering alternatives.
( 25
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The new headline 5.27% I bond rate only applies to new bonds. Your new rate for an existing I bond is likely much lower, and you may be better off cashing it out for a CD.
( 21
min )
The Asian Currency Unit (ACU) was a proposed a basket of Asian currencies, similar to the European Currency Unit, which was the precursor to the euro.
( 21
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Almost exactly a year since FTX collapsed, its founder and former CEO was found guilty on multiple counts of fraud. While this verdict was expected by many, what does it mean for the future of the cryptocurrency markets and more importantly retail investors putting their money in them?
( 19
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Robert J. Aumann is a mathematician and economist famous for his work on game theory, who won the 2005 Nobel Prize in Economics.
( 24
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Just as price increases are cooling off for most products and services people buy, inflation is heating up for some of the bigger-ticket items in household budgets: auto and homeowners insurance policies.
( 21
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Investopedia's guide to how Chase's Ultimate Rewards Program works and how to make the most of earning and redeeming points.
( 28
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An inverse ETF is an exchange-traded fund that uses various derivatives to profit from a decline in the value of an underlying benchmark.
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Learn about the double-entry method of bookkeeping and how it works in the general ledger. Every accounting transaction has two effects on finances.
( 21
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Bitcoin gold is a hard fork of bitcoin that attempts to decentralize the mining process.
( 26
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The equity method is an accounting technique used by a company to record the profits earned through its investment in another company. Learn more about how it works.
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Lower-than-expected job creation in October boosted optimism the Fed will stop raising interest rates, sending U.S. equities higher at midday on Friday, Nov. 3, 2023.
( 17
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Paramount shares surged after reporting profit and sales that beat estimates as it got a boost from NFL viewership and a jump in streaming subscribers.
( 17
min )
Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, was found guilty by a jury on seven counts including fraud and money laundering after a month-long trial.
( 19
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DraftKings shares jumped after reporting revenue skyrocketed as the company gained new users.
( 17
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Holiday sales are set to grow 3% to 4%, with consumers averaging about $875 on purchases, the National Retail Federation reported.
( 19
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Learn about the rules and regulations on short selling enforced by the U.S. Securities and Exchange Commission (SEC), including the uptick rule.
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Central banks use various methods to change their nations’ money supplies, such as adjusting reserve balance requirements and certain interest rates they control.
( 25
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After already falling for two days, 30-year mortgage rates have plummeted another two-tenths of a point, lowering the average to its cheapest level since September.
( 19
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Here is how much money you and your employer can contribute to your 401(k) retirement savings plan in 2022 and 2023.
( 25
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Wealthfront and Vanguard Personal Advisor are both excellent wealth management platforms. Wealthfront is the better all-digital solution, while Vanguard Personal Advisor is better if you want a human touch.
( 29
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Compare Wealthfront and Merrill Guided Investing to learn which of these top robo-advisors is the right one for your automated investing strategy and financial goals.
( 27
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Compare Wealthfront and E*TRADE Core Portfolios, two robo-advisors with low minimum deposits and reasonable fees, to see which one is best for your financial goals.
( 28
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The labor market isn’t quite as hot as it seemed a month ago. U.S. employers added 150,000 jobs in October, the Bureau of Labor Statistics said Friday, the lowest since June and slightly over half the 297,000 added in September.
( 18
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If you own a small business, the self-employed 401(k) or solo 401(k) has some clear advantages over other retirement planning options that are available to you.
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An individual 401(k) retirement savings plan has some advantages over a SEP IRA if you are a sole proprietor.
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Roth IRAs offer retirees some unique advantages in terms of taxes, withdrawals, and the ability to pass along wealth to the next generation.
( 27
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Tata Steel wil dat uiterlijk in 2029 zijn fabriek in IJmuiden schoner draait. De plannen om duurzamer staal te maken, kosten volgens Tata miljarden euro's. Het bedrijf wil dat de overheid daaraan meebetaalt.
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Het is technisch niet haalbaar om de studierente voor studenten die onder het leenstelsel vielen volgend jaar te bevriezen op het niveau van dit jaar. Dat schrijft minister Robbert Dijkgraaf (Onderwijs) vrijdag aan de Tweede Kamer.
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Het Amerikaanse ministerie van Transport is niet gediend van het terugdringen van de ruimte voor Amerikaanse luchtvaartmaatschappijen op Schiphol. Het ministerie beraadt zich op tegenmaatregelen, staat in een brief die is ingezien door persbureau ANP.
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Storm Ciarán, die donderdag over ons land trok, heeft voor ongeveer 15 miljoen euro aan schade veroorzaakt, zo meldt het Verbond van Verzekeraars (VvV). Dit blijkt uit een eerste schatting van de organisatie.
( 9
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Pepijn van der S. is vrijdag door de rechtbank van Amsterdam veroordeeld tot vier jaar gevangenisstraf, waarvan één jaar voorwaardelijk. De Nederlander is schuldig aan het hacken van computersystemen, afpersing en chantage. Ook heeft hij ruim 1,5 miljoen euro witgewassen.
( 9
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De Rabobank financiert honderden boeren in Brazilië die zich schuldig hebben gemaakt aan illegale ontbossing, blijkt uit onderzoek van het FD. De bank zegt "een nultolerantiebeleid" te voeren, maar verstrekte wel leningen aan boeren die een sanctie hadden gekregen voor illegale ontbossing.
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De Rabobank financiert honderden boeren in Brazilië die zich schuldig hebben gemaakt aan illegale ontbossing, blijkt uit onderzoek van het FD. De bank zegt "een nultolerantiebeleid" te voeren, maar verstrekte wel leningen aan boeren die een sanctie hadden gekregen voor illegale ontbossing.
( 9
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De prijzen voor basisvoedsel zoals graan en olie zakken nog verder op de wereldmarkt. Alleen zuivel is wat duurder geworden door de zorgen over de gevolgen van El Niño op Australische koeien.
( 9
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Bij Maersk, dat ook in Nederland actief is, verdwijnen zo'n tienduizend arbeidsplaatsen. Het bedrijf is een van de grootste containerrederijen ter wereld en ziet dat er steeds minder vraag is naar zijn diensten.
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De omzet van Apple is afgelopen kwartaal met 0,7 procent gedaald ten opzichte van dezelfde periode vorig jaar. De omzetdaling is veroorzaakt doordat het techbedrijf minder tablets en computers heeft verkocht. Daarnaast daalde de verkoop van smartwatches en slimme speakers.
( 9
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De vermogens zijn nergens zo klein als in Rotterdam. Gemiddeld heeft een huishouden in Rotterdam 11.800 euro aan vermogen, zoals spaargeld, aandelen of een koophuis. Dat meldt statistiekbureau CBS op basis van cijfers van vorig jaar.
( 9
min )
De oprichter van de failliete cryptobeurs FTX, Sam Bankman-Fried, heeft zich schuldig gemaakt aan het oplichten van zijn klanten. Dat heeft een jury donderdag bepaald in de rechtszaak tegen de voormalig topman.
( 9
min )
House Republicans went after the IRS — long a GOP whipping child — when they decided that emergency aid for Israel should be coupled with cuts elsewhere in the budget. The aid bill that passed the House on Thursday — unlikely to be approved by the Democratic-controlled Senate — would cut $14 billion from the nation's tax collector in exchange for providing assistance to Israel. President Joe Biden has said he would veto the bill if it reaches his desk.
( 33
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Bob Goldberg, CEO of the National Association of Realtors, announced his resignation.
( 33
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Overall revenue declined, though iPhone sales were $43.8 billion, up 3% from a year ago.
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Today's best CD rates are 6.50% from Financial Partners Credit Union, 6.18% from Bayer Heritage Federal Credit Union, and 6.00% from two more nationwide credit unions.
( 21
min )
The Q4 2023 earnings report has arrived with Apple's board of directors declaring a $0.24 per share after another year-over-year revenue decline.
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Travel operators in the last few months have seen a strong rebound in international travel as consumers took advantage of a strong dollar, flexible work arrangements and fewer mandates to vacation overseas. Booking's expenses rose 22% in the reported quarter on higher marketing and personnel spend. The company reported gross travel bookings, which refers to the total dollar value of travel services booked by customers, of $39.8 billion, up 24% from a year ago.
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The growth opportunities at Amazon Web Services could exceed the upside potential of Amazon.com’s e-commerce business, HSBC Global Research says.
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(Bloomberg) -- Cedar Fair Entertainment Co. is acquiring rival Six Flags Entertainment Corp. for about $1.88 billion in a deal that will create one of the biggest theme-park operators in the Americas. Most Read from BloombergBankman-Fried Found Guilty of Fraud at FTX Criminal TrialIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaAmazon’s Jeff Bezos Announces Move to Miami From SeattleS&P 500 Rises Almost 2%; Apple Down in Late Hours: Markets WrapIsrael Latest: Blinken Set
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A New York jury began deliberating on Thursday whether FTX founder Sam Bankman-Fried was guilty of fraud in the disappearance of billions of dollars from his customers’ accounts on the cryptocurrency exchange he created four years ago. Sassoon, who cross examined Bankman-Fried late last week and early this week, said Bankman-Fried wanted to be U.S. president some day but first wanted to have the biggest cryptocurrency exchange in the world.
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Results form AMD and Taiwan Semiconductor suggest AI demand can survive an economic slowdown—and geopolitical worries.
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Warren Buffett is the richest wealth manager in the world, with a net worth of over $115 billion. He ranked #5 on the world's real-time billionaires list published by Forbes. Buffett is often considered a "guru" in the investment world, is known for his value investing strategies and often focuses on investing in large-cap equities rather than trading speculative stocks. He believes in purchasing securities and holding them indefinitely, thereby reaping the benefits of compounding capital gains.
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The jury is set to deliberate Thursday afternoon after the judge instructs them on how to weigh the evidence.
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(Bloomberg) -- A proposed deal to restructure one of the largest piles of US distressed debt is drawing ire from creditors who have been left out of the transaction. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaS&P 500 Set for Biggest Gain Since May Before Jobs: Markets WrapJamie Dimon Warns Texas to Stop Pushing Anti-Business LawsIsrael Latest: Troops Encircle Gaza City as Death Toll Cli
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PayPal shares gained as the payment system provider reported better-than-expected results, raised its outlook, and its new CEO promised to cut costs.
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Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has earned a reputation for his thrifty lifestyle and practical approach to finances. Yet, during the holiday season, Buffett reveals a different side of himself, one marked by generosity and a unique approach to gift-giving. From practical items such as dresses and chocolates to envelopes filled with cash, Buffett’s gifts are a reflection of his values of practicality, gratitude and a hint of humor. A hallmark of Buffett’s hol
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(Bloomberg) -- Bill Gross believes the “regional bank falling knife has hit bottom,” suggesting that it’s no longer dangerous to invest in regionals, and deviating from his recent statement that he wanted to wait a little longer before purchasing. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaWall Street Rally Keeps Going in Run-Up to Jobs: Markets WrapPowell Hints Fed Is Done With Hikes i
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The victory over Liberty Global will help the agency combat aggressive corporate tax maneuvers and collect more money from other companies.
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The deal will give the combined company reach to fend off larger competitors, executives said.
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Rates fell for a second day in a row, dropping the 30-year average to its lowest point in almost three weeks. Averages for most other loan types also declined.
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Social Security benefits are included in your adjusted gross income (AGI) if your total income, which consists in half of your Social Security benefits and other sources of income, exceeds a certain threshold. This can affect the taxation of those benefits and your eligibility for various tax credits and deductions, which in turn can impact […] The post Is Social Security Included in Your AGI? appeared first on SmartReads by SmartAsset.
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Tesla CEO Elon Musk said the valuation could hit $4 trillion, but that the company would need to “knock the ball out of the park several times.”
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You pay $1 million upfront and receive $5,000 a month after retiring. Simple, right? Unfortunately, annuities are rife with complexities that can prevent a clear understanding of their benefits and potential pitfalls. This insurance product is often considered a safe investment, but annuities have their own risks. Here’s why they might be a bad investment […] The post 8 Reasons Annuities Might Be a Bad Investment for You appeared first on SmartReads by SmartAsset.
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(Bloomberg) -- The bonhomie was flowing inside the Great Banking Hall in Toronto as the city’s hedge fund barons arrived to toast their success and themselves.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaTech Giants Lead Stock Gains as Bond Yields Slide: Markets WrapPowell Hints Fed Is Done With Hikes in Pivot Cheered by MarketsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave Gaza
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Moderna (MRNA) swung to a loss and posted a steep drop in quarterly sales, weighed down by soft demand for its Covid-19 vaccine.
The company also forecast sales of about $4 billion for next year, softer than Wall Street analysts were expecting. Mod
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Charles Schwab laid off about 5% to 6% of its workforce this week, according to a company spokesperson, as the financial services firm works to cut costs. The company had 35,900 employees at the end of September, according to Charles Schwab's latest quarterly report — meaning this week's cuts could impact roughly 2,000 employees. “These were hard but necessary steps to ensure Schwab remains highly competitive, with industry-leading levels of efficiency, well into the future," a Charles Schwab spokesperson said in a statement to The Associated Press Thursday.
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Average retirement income varies widely across the U.S. In the state with the highest-income retirees, the average retired household brings in more than twice as much in the state with the lowest retirement income figures. Differences are due to local variations in wages and salaries, cost of living, tax rules, the incidence of pension plans […] The post What Is the Average Monthly Retirement Income in Every State? appeared first on SmartReads by SmartAsset.
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ARK Invest announced Wednesday that its ARK Venture Fund has a stake in Elon Musk's SpaceX. It's not a pure-play investment, but it's a way in.
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Shares of Apple rose in early trading Thursday ahead of the tech giant’s next quarterly results, expected after the closing bell.
Apple’s shares were recently up nearly 2%. They rose Wednesday, closing at $173.97, up 34% in 2023 so far—though they’ve fallen since their last [earnings report in Augu
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Tech giant Apple is set to report its latest quarterly financial results after the closing bell today. Here's a rundown of Wall Street analysts' current hi
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SolarEdge Technologies stock dived as investors digested its weak revenue outlook and earnings, and some analysts downgraded the shares.
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Nikola posted a wider loss in the third quarter on Thursday, after the electric truck maker suspended sales and recalled its battery-electric heavy duty trucks. Nikola in August recalled all the 209 battery-powered electric trucks that it had delivered and suspended sales after an investigation into recent fires found a coolant leak inside a battery pack as the cause. Despite the Tre battery-electric truck being recalled, Nikola said it received orders for 47 vehicles from a dealer.
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Gundlach predicted a recession was likely to hit the U.S. within a matter of months.
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Starbucks stock surges after the coffee chain posts stronger-than-expected fiscal fourth-quarter sales and earnings.
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Lilly cuts its guidance for full-year earnings to a range of $6.50 to $6.70 a share, having raised its outlook in August to a range of $9.70 to $9.90.
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Albemarle reported third-quarter earnings per share of $2.74 from sales of $2.3 billion. Wall Street was looking for $3.77 and $2.5 billion, respectively.
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The stock was down more than 13 percent in pre-market trading.
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(Bloomberg) -- Shopify Inc. reported sales and profit for the third quarter that beat analyst expectations after the Canadian e-commerce giant slashed costs and partnered with Amazon.com Inc. for its fulfillment network.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaPowell Hints Fed Is Done With Hikes in Pivot Cheered by MarketsReal Estate Industry Takes Fresh Hit With Verdict on CommissionsStocks, Bon
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(Bloomberg) -- Palantir Technologies Inc. surged more than 13% in early trading after the company reported the fourth consecutive quarter of profitability and highest earnings since its founding 20 years ago, citing strong demand for new artificial intelligence offerings.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaPowell Hints Fed Is Done With Hikes in Pivot Cheered by MarketsReal Estate Industry Ta
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Cedar Fair and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 states and three countries. The combined company will include 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico. Cedar Fair unitholders will receive one share of common stock in the combined company for each unit owned, while Six Flags shareholders will receive 0.5800 shares of stock in the combined company for each share owned.
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(Reuters) -U.S. oil producer ConocoPhillips on Thursday beat Wall Street's estimates for third-quarter profit and raised its quarterly dividend 14%, amid higher prices and production. Shares rose more than 5% on the dividend increase, with the company saying it could sustain the higher level through 2024 depending on oil and gas prices. The cash distribution comes during industry consolidation that has created stronger rivals in U.S. shale, where Conoco is a major player with production of 1.8 million barrels of oil equivalent per day (boepd).
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Palantir reported revenue of $558 million, up 17% from a year ago, and an adjusted profit of 7 cents a share, a penny above the consensus.
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Lilly slashes its guidance for full-year earnings to a range of $6.50 to $6.70 a share, having raised its outlook in August to a range of $9.70 to $9.90.
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The company’s net loss for the quarter was $3.6 billion. Analysts had anticipated a net loss of $728 million.
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Novo Nordisk stock gained after earnings were boosted by demand for Wegovy and Ozempic. The report comes amid what has been a surprisingly grim two weeks for pharmaceutical stocks.
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(Bloomberg) -- Asian shares jumped as the Federal Reserve’s signaling of an end to its historic monetary tightening campaign revived demand for risk assets. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaReal Estate Industry Takes Fresh Hit With Verdict on CommissionsFed Signals Yield Rise Reduces Need to Hike, But Door Still OpenMarkets Rally as Powell Says Fed Has ‘Come Far’: Markets WrapStock benchm
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Shell launched a $3.5 billion share buyback program after third-quarter earnings rose on higher refining margins, oil prices and sales, but slightly missed market expectations.
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Lufthansa said it expected capacity in the current quarter to reach around 91% of 2019 levels and confirmed its adjusted EBIT forecast for the year after it reported third-quarter earnings ahead of consensus.
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Novo Nordisk on Thursday reported record sales and operating profits for the third quarter but flagged continued restrictions on supplies of its hugely popular Wegovy weight-loss drug. Novo has struggled to keep up with soaring demand for the appetite-suppressing, anti-obesity drug and has limited the number of patients who can start treatment. "While supply capacity for Wegovy is gradually being expanded, the supply of the lower dose strengths in the U.S. will remain restricted to safeguard continuity of care," the company said in a statement.
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The Q3 earnings have gotten off to a good start, with approximately three-quarters of reporting companies beating their forecasts. This development follows the Q3 GDP report, which indicated an annualized economic expansion of 4.9% for the period. One class of stocks likely to sees gains on this strength is the REIT segment, the real estate investment trust. As consumers start feeling the benefits of economic growth, particularly if interest rates are brought down next year, demand for real esta
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Grayscale's GBTC Has Tripled This Year, Outperforming Underlying Bitcoin
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All the major Asian equity markets are higher, as are U.S and European stock futures. While Federal Reserve Chair Jerome Powell maintained the option of another hike, he sounded less than committed to the idea. Meanwhile, the probability of a rate cut by June next year advanced to almost 70% and futures now imply around 85 basis points of easing for all of 2024.
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The central bank took a small but meaningful step toward normalizing monetary policy in the world’s third-largest economy. It could signal an important change in strategy.
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(Bloomberg) -- Vanguard Group Inc. is taking its last steps to exit China and shut down its office in the 29 trillion yuan ($4 trillion) mutual fund market.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaReal Estate Industry Takes Fresh Hit With Verdict on CommissionsFed Signals Yield Rise Reduces Need to Hike, But Door Still OpenMarkets Rally as Powell Says Fed Has ‘Come Far’: Markets WrapVanguard has
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(Bloomberg) -- The promise of the renewable energy industry, underscored by Sunrun Inc.’s acquisition of Vivint Solar three years ago, had investors rushing to jump in. Now, solar stocks are facing a major sell-off, spurring Sunrun to take a $1.2 billion charge to write down the value of its purchase.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaReal Estate Industry Takes Fresh Hit With Verdict on Com
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A study from the Pew Research Center provides evidence that the American middle class is losing ground financially.
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An available-for-sale security is a security procured with the plan to sell before maturity or to hold it for a long period if there is no maturity date.
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The company expects Services and iPhone revenue to drive growth in upcoming quarters.
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Today's best CD rates are 6.50% from Financial Partners Credit Union, 6.18% from Bayer Heritage Federal Credit Union, and 6.00% from two more nationwide credit unions.
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The S&P 500 added 1.9% on Thursday, Nov. 2, 2023, amid optimism that the Federal Reserve might stop boosting interest rates to bring down inflation.
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The European Economic Area (EEA) Agreement is an agreement made in 1992 that brought together the European Union (EU).
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Self-directed retirement accounts typically offer a broader range of investment choices than regular 401(k) and IRA plans.
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Moderna shares tumbled after reporting a steep loss as demand for its COVID-19 vaccine fell and it cut back on production of the shot.
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Shares of payments provider Affirm jumped more than 19% after expanding its partnership with Amazon to offer buy now, pay later (BNPL) services to the e-commerce giant's business-to-business (B2B) clients.
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Shopify's gross merchandise volume soared, helping the e-commerce site post better-than-expected quarterly results
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The accounts payable turnover ratio is a short-term liquidity measure used to quantify the rate at which a company pays off its suppliers.
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A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit.
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The combined Six Flags and Cedar Fair company will be worth $8 billion, becoming one of the biggest theme park operators in the Americas.
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There's a big difference in the maximum annual contributions allowed in a 401(k) or an IRA, regardless of whether it is a Roth or a traditional account.
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See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
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Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
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Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
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Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
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Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles.
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Palantir shares rose more than 20% in intraday trading Thursday after the company's third-quarter earnings beat estimates driven by demand for its artificial intelligence platform.
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The savings account at Apple Bank offers competitive rates, but are they competitive enough? We reviewed Apple Bank so you can decide if the bank is right for you.
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A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
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Many merchants accept payment in cryptocurrency but which type is best for financial transactions?
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Arbitrage is buying a security in one market and simultaneously selling it in another at a higher price, profiting from the temporary difference in prices.
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Roku stock got a big boost after the company's revenue climbed by 20% and active accounts reached an all-time high.
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The loan-to-deposit ratio assesses a bank's liquidity by comparing a bank's total loans to its total deposits for the same period.
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U.S. equities posted strong gains at midday on Thursday, Nov. 2, 2023 amid enthusiasm that the Federal Reserve may not raise interest rates to fight inflation any more this year.
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You can invest in both a traditional IRA and Roth IRA if you're eligible and your total contribution doesn't exceed the annual IRS limits.
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The Mumbai Interbank Forward Offer Rate (MIFOR) is a rate that Indian banks use to set prices on forward-rate agreements and derivatives.
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Our complete guide to rebalancing your portfolio will make sure that you maintain your strategy and maximize your returns.
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IRAs have certain tax advantages that help you boost your retirement savings, but there are annual limits on how much you can contribute, depending on your age and income.
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ConocoPhillips reached an all-time high production level in line with company forecasts, as climbing oil prices helped to boost performance in the third quarter.
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PayPal shares gained as the payment system provider reported better-than-expected results, raised its outlook, and its new CEO promised to cut costs.
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Meta could take a hit to ad sales and risk being fined as much as 4% of its global turnover as European authorities move to ban it from showing targeted ads to European users on its social media platforms.
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Qualcomm shares jumped after reporting profit and sales beat estimates and posting better-than-expected guidance on rising demand for mobile phones.
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Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
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You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
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There are 574 federally recognized tribes in the United States. Here is the breakdown of some of the biggest groups.
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Rates fell for a second day in a row, dropping the 30-year average to its lowest point in almost three weeks. Averages for most other loan types also declined.
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Native American-owned financial institutions may be few in number, but they can provide a lifeline to frequently underserved communities.
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Deciding between outsourcing and vertical integration can be challenging. Understand the benefits of each to make the most effective business decision.
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Relatively straightforward, the concept of CAGR requires three primary inputs: an investment's beginning value, its ending value and the time period.
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Personally identifiable information (PII) is information that, when used alone or with other relevant data, can identify an individual.
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Return on invested capital (ROIC) is a way to assess a company's efficiency at allocating the capital under its control to profitable investments.
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Cost of capital is a calculation of the minimum return a company would need to justify a capital budgeting project, such as building a new factory.
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A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or that assesses the ability of a company to meet financial obligations.
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The standard error is the standard deviation of a sample population. It measures the accuracy with which a sample represents a population.
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The Monte Carlo simulation is used to model the probability of different outcomes in a process that cannot easily be predicted.
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There's no limit to the number of times you can refinance a car loan, but is it always a smart idea to do so? Here’s how to know if it makes financial sense.
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Starbucks shares surged more than 10% in early trading Thursday after the company posted better-than-expected earnings for its fiscal fourth quarter, as U.S. consumers continued to splurge on coffee and beverages despite higher menu prices.
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Understand the current contribution limits for designated Roth 401(k) accounts, including additional allowable payments for those nearing retirement.
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Knowing the role of a portfolio manager is just one step to acing the job interview questions. Make sure to read up on the position before that crucial meeting.
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Financial advisors and money managers must do a detailed risk assessment regarding each client before they can recommend a course of action.
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An inside director is a board member who is an employee, officer, or direct stakeholder in the company.
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The tax advantages of a 401(k) retirement plan explained, including how contributing to a plan can help create a bigger nest egg in the long run.
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If you are no longer working with the employer that established your 403(b) account, you can roll over your 403(b) balance into a traditional IRA.
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De beroemde klimaatwetenschapper James Hansen denkt dat de aarde nog sneller opwarmt dan tot nu toe werd aangenomen. De grens van 1,5 graden opwarming wordt nog voor 2030 doorbroken, voorspelt hij in een donderdag verschenen studie.
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VDL Nedcar in Born schrapt in maart 2024 nog eens tweeduizend banen, ruim drie kwart van het totaal. De autofabriek heeft niet voldoende werk meer voor het personeel. Deze maand gingen er al vijftienhonderd medewerkers uit.
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Zorg en Zekerheid verhoogt de premie van de basisverzekering in 2024 met 5,7 procent. Die stijgt van 139,95 naar bijna 147,95 euro per maand. Oorzaken zijn de inflatie en hogere zorgsalarissen.
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De NS schrapt plannen om prijzen van treinkaartjes omhoog te gooien tijden de spits en te verlagen op rustige momenten. Dat laat NS-topman Wouter Koolmees weten. Hij ziet dat er geen draagvlak is.
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Inspectiedienst ILT heeft ruim 40 procent van het vuurwerk dat ze hebben getest afgekeurd. Vooral fonteinen voldeden niet aan de regels. De bedrijven moeten dit vuurwerk zo snel mogelijk van de markt halen. ILT wil dat afdwingen met dwangsommen.
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Luchtvaartmaatschappij JetBlue verliest komend jaar de start- en landingsrechten op Schiphol. Dat is duidelijk geworden bij de nieuwe verdeling van deze slots. In een voorschot op dit besluit riep JetBlue al op om KLM te weren in New York.
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Verzekeraars hebben vorig jaar ruim tienduizend mensen betrapt bij een poging fraude te plegen. Daarmee hebben ze naar eigen zeggen ruim 80 miljoen euro aan fraude voorkomen.
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KLM schrapt donderdag vanaf het begin van de middag alle aankomende en vertrekkende vluchten vanwege de storm Ciarán die dan over het land raast.
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Shell heeft in het derde kwartaal geprofiteerd van hogere olieprijzen, terwijl het ook de productie van olie wist op te schroeven. Mede daardoor kwam de winst bij het energieconcern uit op 6,2 miljard dollar (ruim 5,8 miljard euro).
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De Duitse regering blijft burgers en bedrijven helpen met het betalen van de vorig jaar sterk gestegen energierekening. Zo blijft het prijsplafond langer van kracht en krijgen beheerders van het stroomnet miljardensubsidies.
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ING, de grootste bank van ons land, zette in het derde kwartaal een winst in de boeken van 1,98 miljard euro. Dit kwam volgens de bank mede door goede resultaten van het rentebeleid.
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The economy is presenting us with a mixed picture lately. The jobs numbers are showing underlying strength, but inflation remains sticky, and the Fed, in response, has committed itself to a policy of high-interest rates and monetary tightening. Consumer spending is still strong, but savings rates and credit availability are both down. And with an election just one year away and geopolitical crises flashing hotter every day, the only certainty is uncertainty. For David Kostin, chief US equity str
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A federal jury’s $1.8 billion verdict could result in lower costs of buying and selling a home.
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Energy Transfer reported third quarter 2023 earnings that slightly missed Wall Street expectations, even as natural gas liquids (NGL) and crude transportation volumes hit a company record. Energy Transfer's third quarter 2023 adjusted earnings of $0.33 per share were just under the $0.34 per share expected by analysts, according to LSEG data. Energy Transfer's adjusted earnings before interest, taxes, depreciation and amortization in the quarter were $3.54 billion, compared with $3.09 billion last year.
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The best CD rates are already at 20-year highs, paying up to 6.50%. But will these historically high returns climb even higher? Here's what we learned today from the Fed.
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Federal Reserve Chair Jerome Powell said on Wednesday that he sees no reason to change the current drawdown of the central bank's still-massive balance sheet. While shrinking Fed holdings may have a small impact on real world borrowing costs, "I think it’s hard to make a case that reserves are even close to scarce at this point." Powell spoke on the state of the central bank's holdings of cash and bonds after a meeting in which officials again held their overnight interest rate target range steady at between 5.25% and 5.5%, the same level it's been since the end of July.
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Homeowners are growing more reluctant to sell their houses—and it’s not just the “lock-in” effect of today’s high mortgage rates keeping them there, a recent poll found.
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SolarEdge had trimmed its third-quarter revenue expectations last month due to high inventories and a slowdown in installation which led to substantial cancellations and backlog clearing from its European distributors in the quarter. SolarEdge forecast adjusted gross margin in the range of 5% to 8% for the fourth quarter. Peer Enphase had also forecast a weak fourth- quarter revenue.
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Energy Transfer's adjusted earnings before interest, taxes, depreciation and amortization in the quarter were $3.54 billion, compared with $3.09 billion last year, the company said. NGL transportation volumes were up 14%, a record for the company, while crude transportation volumes gained 23%, also a record, the company said. The company's NGL exports were up more than 20%, another record.
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Advanced Micro Devices (AMD) shares leaped more than 9% Wednesday after the chipmaker's third quarter earnings beat analysts' expectations and said it expects to sell $2 billion in AI-powered chips next year.
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(Bloomberg) -- MicroStrategy Inc., the enterprise-software maker that is the largest publicly-traded holder of Bitcoin, posted a third-quarter loss after taking a writedown because of a decline in the value of the cryptocurrency. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsReal Estate Industry Takes Fresh Hit With Verdict on CommissionsIsrael Latest: US Says the First of Its Citizens Depart GazaIsrael Latest: Blinken Returning to Israel; Refugee Camp HitMarke
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It also named Jamie Miller as its new chief financial officer. Consumer spending has shown remarkable strength this year, with analysts expecting the cheer to extend to the holidays, as companies dangle steep discounts on everything from electronics to clothing to entice inflation-weary shoppers. Online sales during the U.S. holiday season, which includes some of the biggest shopping days such as Cyber Monday, Thanksgiving and Black Friday, are expected to rise 4.8% from a year earlier, a report from Adobe Analytics showed in October.
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A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill. A federal jury in one of those cases on Tuesday ordered the National Association of Realtors along with some of the nation's biggest real estate brokerages to pay almost $1.8 billion in damages, after finding they artificially inflated commissions paid to real estate agents. The class-action lawsuit was filed in 2019 on behalf of 500,000 home sellers in Missouri and some border towns.
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Financial advisors weigh in with their best ideas for investing $100,000 of fun money right now.
( 22
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(Bloomberg) -- Texas added five financial firms to its list of companies it says “boycott” the oil and gas industry, state Comptroller Glenn Hegar said in a release Wednesday. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaReal Estate Industry Takes Fresh Hit With Verdict on CommissionsFed Signals Yield Rise Reduces Need to Hike, But Door Still OpenMarkets Rally as Powell Says Fed Has ‘Come Far’: Marke
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Oil prices plunged after word spread that the U.S. government plans to draw a record amount of oil from its emergency supplies.
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Most workers will be able to put up to $23,000 into their 401(k)s and similar workplace retirement plans and up to $7,000 into an individual retirement account, the IRS said.
( 27
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TRMD, DECPF, DSX, and SJT are at the top of the list for forward dividend yield
( 21
min )
On October 30th, Tesla Inc (NASDAQ: TSLA) rival, BYD Company Limited (OTC: BYDDY), reported its highest ever quarterly profit for its third quarter. BYD shares are up 1.7% this month, outperforming Tesla whose stock took a 17% dive and declines in other peers as well. By reporting a growth slowdown, a warning was sent to all EV makers but BYD defied its trend with its latest quarter, showing it preserved its domestic market leadership despite softer demand and intensified competition in China. B
( 34
min )
Berkshire Hathaway has minority stakes in five Japanese holding companies that have yielded more than 90% returns over three years.
( 34
min )
Toyota reported strong third-quarter operating profit. It's now a leader among peers.
( 30
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Investors love dividend increases for two reasons. The first is obvious: Dividend increases put more money in their pockets in future quarters. The second is that dividend increases are the company's way of expressing confidence in its ability to continue maintaining or growing earnings going forward. But the icing on the cake for investors is when a company simultaneously announces earnings that beat analyst estimates and a dividend increase. Take a look at three real estate investment trusts (
( 35
min )
Warren Buffett’s unexpected decision to invest in Japan during the 2020 pandemic seems to have paid off, and no one appears more pleased than Berkshire Hathaway Inc. Vice Chairman Charlie Munger. The strategy was a departure from the company’s well-known preference for American enterprises like Apple Inc., the Coca-Cola Co., Bank of America Corp. and American Express Co. The company’s portfolio has often been a testament to its confidence in the U.S. market. Speaking on the Acquired podcast in O
( 35
min )
I Bonds haven't had a fixed rate above 1% since 2007 but they do now. What's the new interest rate for I Bonds bought from November through April?
( 33
min )
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Paycom missed profit and sales estimates, and its guidance was also short of forecasts, as customers switched to an automated system that Paycom said ate into other sources of revenue.
( 17
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"We value our employees and their contributions, and we show it by offering robust compensation packages that we continually review to ensure that we remain competitive within the automotive industry,” said Toyota Motor North America executive vice president Chris Reynolds in a statement.
( 32
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What should investors make of this year’s third-quarter earnings? The Q3 results have been pretty good, with 78% of companies reporting so far beating the forecasts, but stocks are still feeling pressure. One obvious sign of that pressure: the S&P 500 this week hit its lowest point since last May, and is just shy of correction territory. The effect is most clearly seen in the ‘Magnificent Seven,’ a group of Big Tech giants whose gains earlier in the year carried the markets generally – but which
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A new CFO is coming on board as the company tries to recharge growth in its core payments business.
( 26
min )
Shares of Vans owner VF Corp. keep skidding.
The stock was recently down more than 6% in Wednesday trading, extending a nearly 14% drop yesterday.
( 23
min )
Shares in Orsted fell more than 20% after the Danish renewable-energy company said it would book some $4 billion of impairment charges and halt the development of two wind farm projects in the U.S. [amid spiraling costs](https://www.wsj.com/business/energy-oil/americas-offshore-wind-ambitions-are-co
( 25
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It’s an ugly morning for Paycom Software shareholders.
The payroll and human resources technology company is down 37% Wednesday morning after reporting third-quarter results. The stock is the worst performer in the S&P 500 and is on pace for its worst day on record.
Paycom said on a conference cal
( 24
min )
Fourth-quarter guidance from Paycom, the provider of cloud-based human capital management software, was below analysts’ estimates.
( 20
min )
The Treasury said it plans to increase the size of its two-year and five-year auctions by $3 billion per month, and to increase the size of its 3-year and 7-year auctions by $2 billion and $1 billion per month, respectively. The 20-year bond auction sizes will remain unchanged. The Treasury will also increase the size of its two-year floating rate note new issue and reopenings by $2 billion.
( 32
min )
Nokia owns about 20,000 patents, some of which concern tech used by Amazon and HP in streaming and video devices.
( 34
min )
SunPower now expects to post a fiscal 2023 net loss of between $175 million and $165 million.
( 19
min )
CVS revises lower its guidance range for diluted GAAP earnings per share for the third straight quarter.
( 20
min )
Stan Druckenmiller says a long-held belief that the stock market will always go up in the long term may no longer be the case.
( 33
min )
(Bloomberg) -- MicroStrategy Inc. Chairman Michael Saylor’s strategy of buying Bitcoin may be coming into question as the advent of exchange-traded funds holding the largest cryptocurrency appears imminent. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsReal Estate Industry Takes Fresh Hit With Verdict on CommissionsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bungie Game Unit Cut 8%
( 34
min )
Estee Lauder cut its annual profit on Wednesday as the MAC lipstick maker struggles with a slower-than-anticipated recovery in its Asia travel retail business. The company now expects full-year 2024 adjusted profit per share between $2.17 and $2.42, compared with its prior forecast of $3.50 to $3.75.
( 32
min )
The three Chinese electric-vehicle makers deliver more than 76,000 units in October.
( 27
min )
This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.
( 36
min )
After markets closed on Tuesday, the company said it was expecting fourth-quarter revenue in the range of $420 million to $425 million, compared with analysts' average estimate of $452.3 million, according to LSEG data. Paycom's competitor Ceridian HCM Holding's shares also lost 4% in premarket trading.
( 33
min )
(Bloomberg) -- Shares in Asia traded broadly higher ahead of Wednesday’s Federal Reserve decision. The yen strengthened from near its weakest level this year after Japan’s foreign exchange chief said he was on standby for intervention. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed Houthis
( 35
min )
Orsted booked a $4 billion impairment charge in the third quarter related to its U.S. offshore wind portfolio and said it will stop development of two wind farm projects off the coast of New Jersey amid spiraling costs and supplier delays.
( 29
min )
(Bloomberg) -- The recent wave of dealmaking by US oil producers — which may not be finished just yet — is hastening a decline in liquidity from the oil market. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bungie Game Unit Cut 8% of Staff After ‘Destiny’ Play WiltedHess Cor
( 35
min )
GSK said it now expects adjusted operating profit to increase between 13-15% for the year after it reported a rise in net profit in the third quarter, mainly due to the U.S. launch of its Arexvy vaccine.
( 27
min )
Orsted booked a $4 billion impairment charge in the third quarter related to its U.S. offshore wind portfolio and said it will stop development of two wind farm projects off the coast of New Jersey amid spiraling costs and supplier delays.
( 28
min )
Coinbase Global is expected to report its seventh straight quarter of losses on Thursday.
( 22
min )
Aston Martin started delivery of its next-generation sports car DB12 last quarter, and expects its 2023 volume to come in at 6,700 units, from an earlier forecast of about 7,000 units. "Given the initial delays experienced with the DB12 ramp up during Q3, we have marginally updated our FY volume outlook as the impact limits production capacity for the full year," the company said in a statement.
( 33
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Gold prices have bounced strongly and are now above $2,000. There’s more upside ahead.
( 20
min )
Focus on companies with powerful fundamentals. Microsoft offers exposure to two important themes: cloud computing and artificial intelligence.
( 24
min )
Toyota Motor on Wednesday more than doubled its second-quarter operating profit to 1.44 trillion yen ($9.5 billion), as the world's largest automaker was bolstered by a weak yen currency and strong sales. ($1 = 151.2900 yen)
( 32
min )
(Bloomberg) -- Traders are piling into fresh bets against the yen, triggering pushback from Japanese authorities who are threatening once again to take action including the possibility of currency intervention.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitSaudi Forces on Alert After Clash With Iran-Backed HouthisZillow Plunges After Verdict on Real Estate Brokerage CommissionsSony’s Bungie Game Unit Cu
( 35
min )
Profits are about to take off in virtually every area of the market, Richard Bernstein Advisors said.
( 33
min )
The National Association of Realtors and other industry players conspired to boost the commissions paid to real estate agents, jury rules.
( 33
min )
The world runs on energy; just think about how much of your life depends on the little outlets in the walls. For now, the bulk of our power generation capacity is supported by fossil fuels, mostly coal and natural gas, that are pulled out of the ground. Long-term, however, the social and political pressures on fossil fuels are reducing their use, and will reduce it further. Despite huge subsidies, wind and solar power simply cannot replace the lost capacity, and we will have to find it somewhere
( 37
min )
Warren Buffett's HomeServices was among the defendants found liable for a verdict that could climb to more than $5 billion.
( 35
min )
China has bought 181 of 800 tonnes of gold purchased globally this year. The move underscores dedollarization, as countries wean off the greenback.
( 34
min )
Het aantal jonge mannen dat kiest voor een technische opleiding is nog altijd fors groter dan het aantal vrouwen. 609.000 jongeren tot 35 jaar hebben de afgelopen jaren een technische opleiding afgerond, van wie ongeveer 125.000 vrouw zijn.
( 8
min )
In deze eerste aflevering van Tata's ijzeren greep geven omwonenden van Tata Steel een rondleiding langs de staalfabriek. Ze leggen in de duinen uit wat we allemaal zien en wat zij daarvan merken. En met een magneet ondervinden we zelf wat voor vervuiling er vanaf het terrein naar de omgeving waait.
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min )
De bouw van het eerste groene waterstofnetwerk in Nederland gaat van start. Leidingen van in totaal 1.200 kilometer moeten de Rotterdamse Maasvlakte vanaf 2025 verbinden met de industrie in binnen- en buitenland. Zo'n netwerk kan Nederland op de kaart zetten als "energiehub van Europa".
( 10
min )
Vorige maand zijn 28.362 auto's verkocht, 1,5 procent minder dan in dezelfde maand vorig jaar. Het is voor het eerst dit jaar dat het aantal verkopen kleiner is dan in dezelfde periode vorig jaar.
( 8
min )
Alleenstaanden kunnen volgend jaar een hogere hypotheek krijgen dan nu, meldt demissionair minister Hugo de Jonge (Wonen). Alleenstaanden die meer dan 28.000 euro per jaar verdienen, mogen 16.000 euro meer lenen. Ook mensen met een studieschuld mogen straks meer lenen.
( 10
min )
Alleenstaanden kunnen volgend jaar een hogere hypotheek krijgen dan nu, meldt demissionair minister Hugo de Jonge (Wonen). Alleenstaanden die meer dan 28.000 euro per jaar verdienen, mogen 16.000 euro meer lenen. Ook mensen met een studieschuld mogen straks meer lenen.
( 10
min )
Meta mag jouw gegevens niet meer gebruiken om je op Facebook en Instagram persoonlijke advertenties te tonen. Volgens het Europees Comité voor gegevensbescherming (EDPB) overtreedt Facebooks moederbedrijf de privacywet door persoonsgegevens voor commerciële doeleinden te verwerken.
( 9
min )
De Europese prijs van gas zakt nu de zorgen afnemen over de aanvoer vanuit het Midden-Oosten. De gevolgen van het weggevallen gas uit Israël lijken mee te vallen voor Europa.
( 9
min )
Bouwbedrijf Heijmans heeft in het derde kwartaal van dit jaar 8 procent minder nieuwbouwwoningen verkocht dan vorig jaar. Eén bouwproject is helemaal stilgelegd door een gebrek aan geïnteresseerden.
( 9
min )
VodafoneZiggo heeft minder klanten op de televisiekabel, maar prijsverhogingen hebben ervoor gezorgd dat de provider afgelopen kwartaal toch ongeveer evenveel omzet heeft gedraaid. Het telecombedrijf verloor in een jaar tijd 81.300 klanten met vast internet, telefonie of televisie.
( 10
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VodafoneZiggo heeft minder klanten op de televisiekabel, maar prijsverhogingen hebben ervoor gezorgd dat ze afgelopen kwartaal toch ongeveer evenveel omzet hebben gedraaid. Het telecombedrijf verloor in een jaar tijd 81.300 klanten met vast internet, telefonie of televisie.
( 10
min )
Toyota heeft in de eerste helft van zijn gebroken boekjaar de nettowinst verdubbeld. Dat komt mede door de lage waarde van de Japanse yen. De Japanse autoproducent verwacht dat dit succes zich doorzet.
( 9
min )
De provincie Noord-Holland heeft meer dan twee decennia lang toegestaan dat er te veel kankerverwekkende stoffen uit een fabriek van Tata Steel lekten. Dat blijkt uit onderzoek van NU.nl voor de podcast Tata’s ijzeren greep.
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De bedrijvigheid in de Nederlandse industrie is in oktober opnieuw gekrompen. Dat is al de veertiende maand op een rij. Industriële bedrijven produceren fors minder omdat ze minder orders krijgen.
( 9
min )
Netbeheerders pompen miljarden in het stroomnet om in de komende jaren elektriciteits- en gasnetten uit te breiden en te onderhouden. Liander en Enexis kondigen miljardeninvesteringen aan. Toch blijft de vraag groter dan het aanbod.
( 9
min )
De provincie Noord-Holland heeft meer dan twee decennia lang toegestaan dat er te veel kankerverwekkende stoffen uit een fabriek van Tata Steel lekten. Dat blijkt uit onderzoek van NU.nl voor de podcast Tata’s ijzeren greep.
( 18
min )
Today's best CD rates are 6.50% from Financial Partners Credit Union, 6.18% from Bayer Heritage Federal Credit Union, and 6.00% from two more nationwide credit unions.
( 19
min )
Southeast Asian tech giants Grab, Sea, and others may face what could be the slowest growth in the region's digital economy in years amid global macroeconomic headwinds, according to a report by Google, Temasek, and Bain.
( 17
min )
Your LinkedIn profile as an advisor shouldn't remain static. Here are seven ways to enhance your account so that potential clients can find you.
( 21
min )
The best CD rates are already at 20-year highs, paying up to 6.50%. But will these historically high returns climb even higher? Here's what we learned today from the Fed.
( 18
min )
Litecoin has been referred to as the silver to Bitcoin's gold, but what is Litecoin, and how does it compare to its more famous counterpart?
( 24
min )
Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed an increase of an eighth of a point in the overall median available rate. These are the current rates as of Nov. 2023.
( 24
min )
The terms bull and bear are used to describe sentiments or activity in the market. But how were they named?
( 27
min )
Homeowners are growing more reluctant to sell their houses—and it’s not just the “lock-in” effect of today’s high mortgage rates keeping them there, a recent poll found.
( 19
min )
Social science is a group of academic disciplines that examine human behavior and includes anthropology, economics, psychology, and sociology.
( 28
min )
The S&P 500 gained 1% on Wednesday, Nov. 1, 2023, as the Fed kept interest rates at current levels but left open a possibility for additional hikes.
( 18
min )
Advanced Micro Devices (AMD) shares leaped more than 9% Wednesday after the chipmaker's third quarter earnings beat analysts' expectations and said it expects to sell $2 billion in AI-powered chips next year.
( 19
min )
Start the year off right by evaluating your financial health and setting impactful and achievable goals.
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min )
Toyota's profit for the first six months of the fiscal year more than doubled amid strong global sales and a weakening yen.
( 18
min )
A standby letter of credit is a bank's commitment of payment to a third party in the event that the bank's client defaults on an agreement.
( 24
min )
Form 8283: Noncash Charitable Contributions is an IRS tax form for deducting non-cash contributions made to a qualifying charitable organization.
( 23
min )
Apple, Microsoft, and Amazon are the top index weighted S&P 500 constituents.
( 22
min )
The Labor Department’s JOLTS report showed 9.6 million job vacancies at the end of September, hovering near economists' expectations and last month's levels.
( 17
min )
Estée Lauder shares tumbled as much as 20% in intraday trading Wednesday after the beauty products maker said current-quarter profits could be less than half what analysts had expected.
( 18
min )
The Fed had raised rates several times in 2023 to combat inflation, before pausing late in the year.
( 28
min )
A loan modification is a change made to the terms of an existing loan because the borrower is unable to meet the payments under the original terms.
( 21
min )
NCMI,MITK, and SLNO lead the growth stocks category for best value, growth, and momentum, respectively
( 20
min )
We publish the work of so many writers, photographers, and illustrators, but few are Black, Indigenous, or People of Color (BIPOC). We will change that.
( 13
min )
Generac beat profit and sales estimates on rising demand for its backup power systems and a reduced inventory backlog.
( 17
min )
Oil prices plunged after word spread that the U.S. government plans to draw a record amount of oil from its emergency supplies.
( 19
min )
Construction spending increased 0.4% in September from the previous month, as a housing shortage is boosting new construction, though high interest rates may hamper further gains.
( 18
min )
A Certified Insolvency & Restructuring Advisor (CIRA) is a certification for professionals who work with companies going through insolvency.
( 21
min )
The Federal Reserve kept steady pressure on inflation and the economy Wednesday, as officials wait to see what further effects high borrowing costs will have on the economy.
( 19
min )
WeWork shares plunged to their lowest level ever following reports the flexible office space provider may declare bankruptcy.
( 17
min )
These two cryptocurrencies are based on the original Bitcoin blockchain but have several critical differences that make each appealing to different users.
( 24
min )
TRMD, DECPF, DSX, and SJT are at the top of the list for forward dividend yield
( 20
min )
Cash wages are compensation for employees that come in the form of spendable money.
( 21
min )
Learn how the working capital turnover ratio turns negative as a result of a company's negative working capital when current liabilities exceed current assets.
( 19
min )
A buyer's monopoly, or monopsony, is a market situation where there is only one buyer of a good, service, or factor of production.
( 21
min )
The Accounting Principles Board, now defunct, was a precursor to the Financial Accounting Standards Board (FASB).
( 21
min )
Obtain information, both general and comparative, about the best available financial modeling courses for individuals pursuing a career in investment banking.
( 23
min )
Review the differences between a career as a financial adviser and a career as a financial analyst, including how to decide which is best for you.
( 23
min )
Saturn Oil & Gas, Teekay, and Valeura Energy are top for value, growth, and momentum, respectively
( 20
min )
A Heath-Jarrow-Morton (HJM) Model is used to model forward interest rates that are then used to find the theoretical value of interest-rate-sensitive securities.
( 21
min )
Kondratiev Wave is a long-term economic cycle, believed to result from technological innovation, that produces a long period of economic prosperity.
( 22
min )
DuPont's third-quarter earnings beat analyst estimates, but the chemical company lowered its revenue guidance on slowing demand from China.
( 17
min )
U.S. equities were higher at midday on Wednesday, Nov. 1, 2023 after a report showed private sector hiring missed estimates and ahead of the Fed's decision on interest rates.
( 17
min )
When it comes to stop-loss orders, your approach should depend on whether you’re trading ETFs or individual stocks. Learn more in this article.
( 22
min )
Paycom missed profit and sales estimates, and its guidance was also short of forecasts, as customers switched to an automated system that Paycom said ate into other sources of revenue.
( 17
min )
There are various rules about how reverse mortgages can be advertised to consumers. In this guide, we’ll review how federal and state laws protect consumers.
( 25
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Top S&P 500 ETFs for Q4 2023 include SPY, IVV, VOO, and SPYD.
( 19
min )
Real estate is considered a good investment, but it's worth taking a closer look at the risks.
( 27
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CVS beat profit and sales estimates on gains in its health services business, but shares fell as it reduced its full-year unadjusted EPS.
( 17
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Top stocks for November based on value, growth, and performance include NCMI, SAP, and SLNO.
( 20
min )
Know Your Client (KYC) are a set of standards used in the investment services industry to verify customers and their risk and financial profiles.
( 24
min )
Investors were closely watching this announcement to see how the Treasury would work to finance the country's $1.7 trillion budget deficit.
( 18
min )
Rite Aid shares moved sharply lower in after-hours trading only to open higher on Thursday following mixed first quarter results.
( 17
min )
CSCCF, SCCO, and LUNMF have outperformed other copper stocks over the past year.
( 20
min )
Permian Resources, Earthstone Energy, and Gulfport Energy assert themselves in a volatile year for natural gas prices.
( 20
min )
Find out how exchange-traded funds can take the bumps out of your investing style.
( 22
min )
Most CDs will automatically roll over at maturity. But be sure to check the rate you will be paid for the new CD because it could be lower than the previous one.
( 22
min )
(Bloomberg) -- Advanced Micro Devices Inc., Intel Corp.’s main rival in computer processors, gave a lackluster revenue forecast for the current period, warning that demand for gaming machines is slowing.Most Read from BloombergSaudi Forces on Alert After Clash With Iran-Backed HouthisIsrael Latest: Hamas Vows to Free Captives, Refugee Camp HitInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael Latest: Netanyahu Vows to Stay On; Targets Hit in LebanonSony’s Bungie Game Unit Cuts St
( 33
min )
Strategists compared the current slowdown in activity to the 1980s, when the Fed's aggressive interest-rate hikes also put pressure on house prices.
( 33
min )
(Bloomberg) -- The sudden death of a Toronto-based hedge fund manager has prompted an investigation into tens of millions of dollars in losses that the fund appears to have run up.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bungie Game Unit Cut 8% of Staff After ‘Destiny’
( 34
min )
Lumen has a network of fiber optic and copper cables and provides cloud-based communication services and IT solutions to businesses and users, helping them managing calls, messages and video meetings on a single interface. The proposed sale of Lumen's EMEA business is expected to close on Wednesday, subject to meeting customary closing conditions, the company said. The company has also decided to take reorganization measures, "which will result in about 4% fewer people inside the company," CEO Kate Johnson said in an earnings call.
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min )
Telecommunications services firm Lumen Technologies beat Wall Street estimates for third-quarter revenue on Tuesday, helped by strong demand for its services as businesses digitize their operations. Lumen has a network of fiber optic and copper cables and provides cloud-based communication services and IT solutions to businesses and users, helping them managing calls, messages and video meetings on a single interface. The proposed sale of Lumen's EMEA business is expected to close on Wednesday, subject to meeting customary closing conditions, the company said.
( 33
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
( 21
min )
With a job opening rate of 10.6% last month, one western state is struggling more than any other when it comes to hiring
( 32
min )
Chip designer Advanced Micro Devices forecast fourth-quarter revenue below Wall Street estimates on Tuesday, hurt by a weak gaming market as well as a decline in demand from some industries for its programmable chips. Shares of the Santa Clara, California-based company fell 3% in trading after the bell.
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min )
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The U.S. Treasury has set the interest rate on inflation-protected I bonds purchased from November through April next year at 5.27%, up from 4.3% over the past six months.
( 20
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Today is Bitcoin's 15th birthday. Some lucky people have reason to celebrate. Since it first started trading on an exchange, the token is up 3,449,989,839%.
( 25
min )
The National Association of Realtors and large residential brokerages were found liable for about $1.8 billion in damages in a verdict that could upend the home-sale industry.
( 29
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A U.S. jury in Missouri on Tuesday said the National Association of Realtors and several real estate companies together owe more than $1.7 billion in class action damages, finding they conspired to artificially drive up the commission that home sellers pay to buyers' brokers. The verdict followed a two-week trial in federal court in Kansas City, where the case had drawn widespread attention for challenging widely used real estate industry practices. The jury award will be automatically tripled under U.S. antitrust law to more than $5.3 billion, said Michael Ketchmark, the lead lawyer for the plaintiffs.
( 32
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(Bloomberg) -- Zillow Group Inc. and other real estate stocks plunged after a Missouri jury found the National Association of Realtors and other industry players guilty of colluding to maintain high brokerage commissions. Most Read from BloombergSaudi Forces on Alert After Clash With Iran-Backed HouthisInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael Latest: Deadly Strike Hits Refugee Camp as Army AdvancesIsrael Latest: Netanyahu Vows to Stay On; Targets Hit in LebanonSony’s Bu
( 33
min )
Anheuser-Busch InBev reported a 17.1% decline in sales volume in North America in the third quarter as its Bud Light brand continues to struggle after a controversial marketing move.
( 34
min )
(Bloomberg) -- Billionaire investor Stan Druckenmiller said he’s bought “massive” bullish positions in two-year notes, as he’s become more worried about the economy.Most Read from BloombergSaudi Forces on Alert After Clash With Iran-Backed HouthisIsrael Latest: Hamas Vows to Free Captives, Refugee Camp HitInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael Latest: Netanyahu Vows to Stay On; Targets Hit in LebanonSony’s Bungie Game Unit Cuts Staff Following Delayed TitlesIn recent
( 34
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On Monday, the fintech posted a third-quarter adjusted loss of 3 cents a share, narrower than the 8-cent loss Wall Street expected.
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min )
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Morgan Stanley analyst Meta Marshall raised her call on Arista Networks stock to Overweight from Equal Weight and boosted her target for the price.
( 22
min )
“The world is changing: I feel it in the water, in the earth, and in the air,” wrote Tolkien of the aftermath of the War of the Ring. We’re not living in an epic fiction, but change is definitely in the air. Our world is shifting towards a more chaotic multi-polar geopolitical reality, and economies are making a difficult switch from easy-money policies to more fiscally restrained regimes. For investors, the immediate effect is felt in stubborn inflation, high interest rates, and an uncertain ma
( 37
min )
Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don’t find a way to make money while you sleep, you will work until you die." Don’t Miss: Elon Musk has
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min )
When the stock market gets rocky, dividends can provide a steady stream of income. And when those dividends come from companies with a bright future, that’s a win-win for investors. After the stock prices have taken a beating this year, these three companies are sitting at, or near, all-time high dividend yields along with some major upside on price. Don't Miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 mi
( 35
min )
The pharmaceutical company’s silence on its oral obesity drug worries investors.
( 29
min )
The company says staffing reductions are largely in non-client-facing areas and accompany plans to close some offices.
( 22
min )
Moves follow a large withdrawal of companies from Florida, whose CFO called them “the Bud Light of the insurance industry."
( 34
min )
Energy pipeline operator Enterprise Products Partners will expand its natural gas liquids (NGLs) operations, adding a pipeline from Texas' Permian Basin, new plants to process natural gas, and converting an oil pipeline in Texas to NGLs, officials said on Tuesday. The energy infrastructure provider has sharpened its focus on NGLs that are used to make plastics and gasoline on rising global demand and a boom in U.S. exports.
( 33
min )
VF shares tumbled after the apparel company pulled its annual guidance, slashed its dividend and said it would replace the president of its Vans brand.
The Denver-based company said late Monday that the only brand in its portfolio to post higher sales last quarter was North Face.
“We are not makin
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min )
The owner of Budweiser and Corona is to hand investors $1bn (£824m) in a bid to restore confidence after a trans backlash against the company.
( 34
min )
Series I savings bonds purchased in the six months starting Wednesday will initially pay 5.27%, up from 4.3% in the six months ending Tuesday.
( 22
min )
A prosecutor asked Sam Bankman-Fried about testimony by former FTX software developer Adam Yedidia.
Earlier in the trial, Yedidia told jurors that after fixing an accounting bug in the summer of 2022, he warned the crypto entrepreneur that Alameda Research owed $8 billion to FTX.
“I don’t remem
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min )
In the wake of Realty Income Corp.’s (NYSE:O) announcement to acquire Spirit Realty Capital Inc (NYSE:SRC) in a $9.3 billion transaction, market watchers observed a roughly 5.4% decline in Realty Income’s share price. This downward movement has left some investors puzzled considering the news appears to be positive for shareholders. However, it's quite common for the share price of the acquiring company to slide after an acquisition announcement while investors weigh the potential pros and cons
( 34
min )
$5 billion in chip orders to China for 2024 are at risk, The Wall Street Journal reported.
( 24
min )
EV problems are piling up. That's not good for Tesla, or any auto maker.
( 27
min )
BP maintained its dividend and extended its share buyback program.
( 21
min )
Pfizer reports a third-quarter loss of 17 cents a share on revenue of $13.2 billion.
( 28
min )
Fidelity will no longer allow advisors to use their high-yielding money-market funds as the sweep account for new nonretirement accounts.
( 22
min )
The hedge funder argued that the Treasury Secretary “has no right” to still be in her job.
( 33
min )
Fidelity will no longer allow advisors to use their high-yielding money-market funds as the sweep account for new nonretirement accounts.
( 22
min )
Caterpillar reports third-quarter earnings of $5.52 a share, beating estimates of $4.80.
( 23
min )
Shares of JetBlue slumped more than 7% in premarket trading after the airline forecast a wider-than-expected loss in the current quarter.
The weak outlook comes after JetBlue’s third-quarter results missed Wall Street expectations due to significant delays during the summer travel season.
"While w
( 24
min )
Pfizer swung to a loss and posted a sharp drop in quarterly sales, weighed down by soft demand for its Covid-related products.
The pharmaceutical giant posted a 70% drop in operational sales, adjusted for currency fluctuations, of its Covid-19 vaccine, ahead of the launch of new variant shots. Oper
( 24
min )
Pfizer losses were not as great as expected in the third quarter, but a continued decline in sales of its COVID-19 products clipped revenue. Pfizer Inc. on Tuesday reported a $2.38 billion quarterly loss, or 42 cents per share. Adjusted for one-time gains or losses, the New York company lost 17 cents per share, a much narrower loss than the 42 cents that Wall Street had expected, according to a survey of industry analysts by FactSet.
( 34
min )
Shares of Caterpillar fell in premarket trading after the construction-equipment maker issued an underwhelming sales outlook for the current fourth quarter.
The view came after Caterpillar posted higher earnings and revenue in the third quarter, driven by higher prices and volumes.
Sales rose acro
( 23
min )
Caterpillar smashes earnings estimates but the stock falls, while JetBlue shares slump after the carrier says it expects a fourth-quarter loss wider than Wall Street expectations.
( 27
min )
Underwhelming results and doubts about recent deals weigh on the oil companies’ shares.
( 28
min )
Caterpillar reports third-quarter earnings of $5.52 a share, beating estimates of $4.80.
( 22
min )
The share of older Americans with debt has nearly doubled in 30 years, alarming researchers.
( 35
min )
If automakers agree to UAW's demand to drop the two-tiered wage system, it will put U.S. industry on perilous path of self-imposed decline. Ask China.
( 33
min )
Vodafone has agreed to sell its Spanish unit to Zegona Communications for at least €4.1 billion in cash and up to €900 million in redeemable preference shares.
( 27
min )
BP said it expected fourth-quarter oil, gas and low-carbon energy production to be broadly flat, with significantly lower realized refining margins, after it reported weaker-than-expected profits of $3.3 billion in the third quarter.
( 27
min )
Sam Bankman-Fried, the former founder of failed crypto exchange FTX and Alameda Research, faced challenging questioning from US Assistant Attorney Danielle Sassoon during his criminal trial.
( 32
min )
(Bloomberg) -- The yen weakened after the Bank of Japan made only minor changes to its yield-curve-control settings, disappointing some in the market who had hoped for a further winding back of its accommodative monetary policy stance.Most Read from BloombergIsrael Latest: Netanyahu Vows to Stay On; Targets Hit in LebanonInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialSony’s Bungie Game Unit Cuts Staff Following Delayed TitlesSaudi Forces on High Alert After Deadly Clash With Houthi
( 34
min )
The consensus is that Advanced Micro Devices will report quarterly revenue of $5.7 billion with adjusted earnings per share of 68 cents.
( 20
min )
The artificial-intelligence company scrapped plans to rush shipments to China this month before the new restrictions were brought forward.
( 30
min )
How do you define a stock market opportunity? Is it a windfall, a piece of luck, or the result of careful planning, a strategy to make the most of any opening? The savvy investor seeks out the latter, looking for stocks that offer inducements to entry, be it a high upside or a depressed share price or a recent positive analyst review – or better yet, a combination of all three. So there’s a profile. We’ve used the TipRanks database to look up two stocks that fit it – stocks with Strong Buy conse
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min )
Warren Buffett's idea to borrow money in Japan at rock-bottom interest rates and invest it in high-yielding stocks was inspired, Charlie Munger says.
( 33
min )
The U.S. Treasury's unveiling of its refinancing plans, scheduled for Wednesday, likely will steal the attention of market participants, even as the Federal Reserve gets set to announce its latest interest rate decision.
( 19
min )
Physical and digital gift cards have their plusses and minuses. Learn about protection in case of loss, monitoring spending, and wasted small balances.
( 30
min )
Personal loan rates moved up to 21.13% this week, adding 9 basis points since last week when the average personal loan rate stood at 21.04%.
( 18
min )
Employers are giving out smaller raises than they were last year, but the cutbacks may not be enough to convince officials at the Federal Reserve that pay hikes aren’t stoking inflation.
( 18
min )
The S&P 500 gained 0.65% on Tuesday, Oct. 31, 2023, ahead of Wednesday's Federal Reserve decision, more key earnings news, and Friday's jobs report.
( 17
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
( 21
min )
GE HealthCare posted better-than-expected results on rising demand for its medical equipment.
( 17
min )
The U.S. Treasury has set the interest rate on inflation-protected I bonds purchased from November through April next year at 5.27%, up from 4.3% over the past six months.
( 19
min )
JetBlue shares plummeted over 10% to their lowest level since 2009 as soaring costs resulted in a bigger-than-expected loss and falling revenue, and the discount carrier slashed its guidance.
( 17
min )
Explore the differences between the market price and net asset value of an exchange-traded fund (ETF). Learn more about the factors that affect each.
( 24
min )
Dividend stocks provide investors with reliable passive income and make it possible to reinvest money back into the dividend-issuing company.
( 21
min )
Many Baby Boomers haven’t felt the same pressure from high interest rates as those of other generations, and may have even benefited from them, analysts at Bank of America found.
( 17
min )
When it comes time for a retirement account rollover, proposed rules would require your financial advisor to recommend the option that would serve you best—not the one that would earn them the most commission.
( 19
min )
Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.
( 22
min )
Exchange-Traded Funds (ETFs) were created to combine the best characteristics of both stocks and mutual funds into a combined investment vehicle.
( 21
min )
The Consumer Confidence Index fell to 102.6, its third straight month of declines, as inflation worries persist despite continued strong spending from consumers.
( 18
min )
Diamonds is an informal term for an index-based exchange-traded fund (ETF) known as the SPDR Dow Jones Industrial Average ETF.
( 20
min )
U.S. equities edged higher at midday on Tuesday, Oct. 31, 2023 ahead of Wednesday's decision by the Federal Reserve, with policymakers widely expected to keep interest rates steady.
( 16
min )
ADRs of Anheuser Busch InBev rose after announcing a stock buyback and reporting results that beat forecasts on international demand, though U.S. sales lagged after a boycott of its Bud Light brand.
( 17
min )
While easier to get, payday loans are almost always more expensive than personal loans and have short repayment times. Opt for a personal loan, if possible.
( 26
min )
Caterpillar shares fell sharply in early trading Tuesday despite an earnings beat, as the construction equipment maker issued a cautious fourth-quarter outlook and said its order backlog fell, feeding into concerns about an economic slowdown.
( 18
min )
Pinterest shares flew higher after the social media company's third quarter results blew away estimates.
( 17
min )
A dividend ETF is an exchange traded fund designed to invest in a basket of high-dividend-paying stocks.
( 21
min )
What would a U.S. central bank digital currency (CBDC) be? Learn more about the future of a digital dollar and how it would differ from cryptocurrency.
( 27
min )
Inheriting a reverse mortgage can be complicated and heirs commonly face deadlines.
( 25
min )
A food-industry ETF is an exchange-traded fund investing in food and beverage companies.
( 22
min )
The weighted average cost of capital (WACC) calculates a company's cost of capital, proportionately weighing its use of debt and equity financing.
( 28
min )
Opportunity cost is the potential forgone profit from a missed opportunity—the result of choosing one alternative over another.
( 25
min )
Discover some of the ways economists evaluate the effect of Halloween on the U.S. economy and whether it is a net benefit.
( 23
min )
Depreciation allows a business to allocate the cost of a tangible asset over its useful life for accounting and tax purposes. Here are the different depreciation methods and how they work.
( 28
min )
Digital marketing is a means of promoting and selling products and services through the internet, mobile devices, social media, search engines, display advertising, and other channels.
( 30
min )
The relative strength index (RSI) and stochastics are two of the most popular indicators of overbought or oversold conditions in stocks.
( 22
min )
Soft skills are character traits and interpersonal skills that characterize relationships with other people and complement hard skills in the workplace.
( 24
min )
Market segmentation refers to aggregating prospective buyers into groups with common needs and who respond similarly to a marketing action.
( 28
min )
The company reiterated its recent reduction in full-year sales guidance by $9 billion as it doubled down on efforts to trim costs.
( 17
min )
Microsoft and Siemens are launching a generative AI assistant for manufacturing that the companies say could help raise productivity and speed up tasks by allowing workers to use machines more effectively.
( 17
min )
The swing trading style, between day trading and trend trading, may be a good fit for beginners.
( 27
min )
Plain vanilla is the most basic or standard version of a financial instrument. It is the opposite of an exotic instrument.
( 23
min )
Homeowners in the U.S. are feeling far less financial pain than their counterparts in other countries, due in large part to the popularity of the 30-year fixed-rate mortgage.
( 18
min )
Apple has unveiled an updated line of its Mac and MacBook, driven by its next generation M3 chips.
( 17
min )
Technical indicators are used by traders to gain insight into the supply and demand of securities. Here we look at seven such technical trading tools.
( 27
min )
Sjaak van der Tak stopt aan het einde van dit jaar als voorzitter van land- en tuinbouworganisatie LTO Nederland. Zijn termijn loopt dan af. Hij heeft besloten niet door te gaan.
( 9
min )
De inflatie is in oktober 2023 met 0,4 procent gedaald. Dat is vooral een gevolg van de dalende energieprijzen, want boodschappen en diensten zijn duurder geworden. Maar ook de manier waarop de inflatie wordt berekend telt mee. Dat zit zo.
( 8
min )
Door droogte kunnen de komende maanden veel minder schepen over het Panamakanaal varen. Afgelopen zomer moesten schepen soms zelfs weken wachten op doorgang tot een van de drukste waterwegen ter wereld.
( 9
min )
De Amerikaanse farmaceut Pfizer heeft een miljardenverlies geleden in het derde kwartaal. Dat kwam vooral door een ingestorte vraag naar zijn coronavaccins.
( 8
min )
Netbeheerders mogen op het stroomnet voorrang geven aan organisaties met belangrijke maatschappelijke taken in bijvoorbeeld de zorg, het onderwijs of de veiligheid. Dat meldt toezichthouder ACM dinsdag.
( 8
min )
De koers van de Japanse munt is dinsdag naar het laagste niveau sinds juli 2008 gezakt. Je krijgt nu ruim 160,50 yen voor 1 euro. Het terughoudende optreden van de Japanse centrale bank is de oorzaak van de daling.
( 9
min )
In aanloop naar de Tweede Kamerverkiezingen duikt NU.nl in de verschillende verkiezingsprogramma's van partijen. Deze keer: bestaanszekerheid. Over het minimumloon, flexwerk en een eenvoudiger toeslagenstelsel.
( 11
min )
De economie van de eurolanden is in het derde kwartaal licht gekrompen. Volgens berekeningen van het Europese statistiekbureau Eurostat is de economie van de eurozone met 0,1 procent geslonken ten opzichte van een kwartaal eerder.
( 9
min )
KLM heeft een dwangsom opgelegd gekregen, omdat het bedrijf te vaak een vervuilende hulpmotor gebruikt. De vliegmaatschappij moet voortaan elke keer 2.500 euro betalen als ze zo'n motor ongeoorloofd gebruikt. Dat bedrag kan oplopen tot maximaal 50.000 euro.
( 8
min )
In aanloop naar de Tweede Kamerverkiezingen duikt NU.nl in de verschillende verkiezingsprogramma's van partijen. Deze keer: bestaanszekerheid. Over het minimumloon, flexwerk en een eenvoudiger toeslagenstelsel.
( 14
min )
De inflatie, de mate waarin de prijzen stijgen, is voor het eerste in jaren negatief. Houden we dan eindelijk meer geld over in onze portemonnee? "Het inflatiecijfer geeft een vertekend beeld", zegt Rabobank-econoom Hugo Erken.
( 9
min )
Na zes weken van stakingen heeft ook General Motors overeenstemming bereikt met de Amerikaanse vakbond voor de auto-industrie UAW. Eerder hebben autobouwers Stellantis en Ford al een akkoord gesloten met de machtige vakbond.
( 9
min )
Prijzen van goederen en diensten zijn deze maand gemiddeld lager dan een jaar geleden. Daardoor is voor het eerst sinds 2016 sprake van deflatie. Maar dit komt volledig door een fors lagere energieprijs. Onder meer boodschappen en diensten zijn duurder geworden.
( 9
min )
Prijzen van goederen en diensten zijn deze maand gemiddeld lager dan een jaar geleden. Daardoor is voor het eerst sinds 2016 sprake van deflatie. Maar dit komt volledig door een fors lagere energieprijs. Onder meer boodschappen en diensten werden duurder.
( 9
min )
Het vermogen van de vijfhonderd rijksten van Nederland is afgelopen jaar toch weer groter geworden. Dit ondanks een haperende economie, geopolitieke spanningen en diverse bedrijven die in zwaar weer kwamen.
( 11
min )
Gemeenten hebben vorig jaar drie keer zoveel bijzondere bijstand uitgekeerd dan in 2021. Dat komt door de energietoeslag voor mensen met een laag inkomen. In totaal werd voor bijna 2 miljard euro aan bijzondere bijstand verleend.
( 9
min )
VMware shares rose to $146.62, above the deal's current value of $142.50 a share in cash.
( 20
min )
Former bond king Bill Gross has been buying “a little” of Citizens Financial, Truist Financial, and KeyCorp.
( 24
min )
“You don’t want to make money by screwing your investors, and that’s what a lot of venture capitalists do,” Munger said on the podcast Acquired.
( 33
min )
The drug maker Pfizer is set to disclose its results. Investors are focused on Covid-19 drugs despite a recent flurry of product launches.
( 22
min )
(Bloomberg) -- BlackBerry Ltd. Chief Executive Officer John Chen will leave the software company this week, ending a decade-long tenure that failed to deliver a turnaround in its fortunes.Most Read from BloombergIsrael Latest: Netanyahu Defies Calls to Quit, UN Warns on SyriaInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialSaudi Forces on High Alert After Deadly Clash With Houthi RebelsSony’s Bungie Game Unit Cuts Staff Following Delayed TitlesIsrael-Hamas War Escalation Puts Qatar’s
( 33
min )
It’s a big day for JetBlue Airways and that’s not just because it reports third-quarter earnings early Tuesday
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Real estate investment trust (REIT) Realty Income Corp. said it would buy another REIT, Spirit Realty Capital, for $9.3 billion in an all-stock deal.
( 18
min )
Labor experts said the UAW's hardball tactics, including a historic six-week strike, paid off. Here's what autoworkers are getting.
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min )
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
( 21
min )
Steve Ballmer joined Microsoft in 1980 as Bill Gates' assistant, became CEO in 2000, and retired in 2014 with a 4% stake that's worth a fortune today.
( 34
min )
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min )
ON Semiconductor Corp (NASDAQ: ON) stock reported a third-quarter FY23 revenue decline of 0.5% year-on-year to $2.18 billion, beating the consensus of $2.15 billion. The Intel Corp (NASDAQ: INTC) rival's adjusted EPS of $1.39 beat the consensus of $1.34. Revenue from Power Solutions Group (PSG) grew 10% Y/Y to $1.23 billion, Advanced Solutions Group (ASG) decreased 15% Y/Y to $621.6 million, and Intelligent Sensing Group (ISG) fell by 4% Y/Y to $328.6 million. The adjusted gross margin declined
( 33
min )
(Bloomberg) -- ON Semiconductor Corp.’s chief executive officer blamed a single North American auto-industry customer for a disappointing fourth-quarter forecast that sent the chipmaker’s stock into its worst tailspin in three-and-a-half years.Most Read from BloombergSaudi Forces on Alert After Clash With Iran-Backed HouthisInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael Latest: Netanyahu Vows to Stay On; Targets Hit in LebanonSony’s Bungie Game Unit Cuts Staff Following Delay
( 34
min )
“The residential sector now appears to be contracting alongside the recent move higher in mortgage rates,” the bank’s economists wrote.
( 35
min )
Sam Bankman-Fried told the jury that Alameda had a $65 billion line of credit on FTX. The next largest line of credit, he said, was $150 million.
“So Alameda’s line of credit was more than 64 billion larger than any other customer, correct?” said Assistant U.S. Attorney Danielle Sassoon. “Yep,” he
( 22
min )
(Bloomberg) -- UBS Financial Services Inc. is urging investors to buy the debt of states, whose credit quality is among the highest in the $4 trillion municipal bond market and whose bonds are offering sky-high after-tax yields. Most Read from BloombergIsrael Latest: Netanyahu Defies Calls to Quit, UN Warns on SyriaInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael-Hamas War Escalation Puts Qatar’s Clout to the TestRussia Shuts Airport After Mob Encircles Flight From IsraelApple
( 34
min )
The Elon Musk owned social media platform is giving employees a new round of equity compensation, in the form of RSUs, that values X at $19 billion.
( 32
min )
Increased volatility and uncertainty has investors locked in a series of arguments. Last year saw steep losses, this year started with a strong rally, and the last few months have seen a correction. The big question now is whether the recent market turbulence is a temporary blip or the beginning of a more significant downturn. John Stoltzfus, chief investment strategist from Oppenheimer, has set out the bullish case, as befits a man who’s predicting the S&P 500 will hit 4,900 by year’s end – or
( 37
min )
“When job markets inevitably heat up again, job seekers will remember how they were treated,” Glassdoor’s chief economist says.
( 34
min )
In a family where political affiliations and public personas often steal the limelight, Joshua Kushner, the lesser-known brother of Jared Kushner and brother-in-law to Ivanka Trump, has climbed to the pinnacle of financial success. Despite the political theater surrounding his family, Joshua Kushner has managed to carve out his own niche in the business world, becoming the first billionaire in the Kushner clan. This year, Joshua Kushner made his debut on the Forbes 400 list at age 38, earning th
( 34
min )
Panasonic said its production suffered from slowing uptake for high-end EVs in North America, echoing Tesla CEO Elon Musk's comments from earlier this month that higher-for-longer borrowing costs would take a toll on vehicle demand. "Panasonic's warning of soft demand for Tesla's Model S and Model X cars has many concerned that global economic outlook could be in worse-shape than initially believed," said Edward Moya, senior market analyst at Oanda. Earlier on Monday, General Motors reached a tentative deal with the United Auto Workers union, following deals by Ford Motor and Chrysler-owner Stellantis, and potentially putting an end to disruptions that some analysts had said could have given Tesla an edge.
( 34
min )
Berkshire Hathaway Inc. Chairman and CEO Warren Buffett is no stranger to missed opportunities, but one that particularly stings is his decision not to invest in Amazon.com Inc. during its early days. "I blew it," Buffett has said about passing on the online retail giant not once but twice. In 1994, when Amazon was just getting started, Buffett decided against investing in what was then just an online bookstore. The same happened in 1997 when Amazon went public. At that time, even Wall Street wa
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Onsemi shares plummeted after the chipmaker gave worse-than-expected guidance as sales softened and its operating margin fell.
( 18
min )
Auto makers have been warning for weeks about weak demand for electric vehicles. Financial guidance from ON Semiconductor added to the concern.
( 25
min )
Shares of ON Semiconductor dropped Monday after the company projected fourth-quarter earnings and revenue declines that were worse than analysts were expecting.
Executives said on a conference call with analysts that it is seeing reduced demand from some European automotive customers that are worki
( 24
min )
On Monday, the U.S. Department of the Treasury published the net borrowing levels for the coming months. The Treasury will also publish a set of quarterly refunding documents for the fourth quarter. It could shake up the markets.
( 30
min )
As customer withdrawals surged, former FTX engineering director Nishad Singh asked Bankman-Fried for help, both with some outstanding personal loans and letting other employees know he wasn’t responsible for the crisis. “He was actively suicidal,” Bankman-Fried said.
Bankman-Fried told the jury tha
( 23
min )
A new survey finds many Americans lack financial literacy on savings accounts, many of which now pay 4% or even 5% interest.
( 34
min )
A mysterious Apple launch event is offering hope of some positive news ahead of earnings but Wall Street analysts are cautious. Watch it live here.
( 21
min )
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Rates for almost every mortgage type have fallen, including a dip in 30-year rates that drops the flagship average to its lowest level in almost two weeks.
( 19
min )
Bankman-Fried told the jury that in July 2022, he confronted Caroline Ellison about risks that Alameda was taking. Ellison started crying, he said.
He said that she told him that Alameda should have hedged, and perhaps not made some venture investments. “She also offered to step down,” he told the
( 22
min )
Fund flows typically chase performance. That's not the case this year when it comes to Treasury bonds.
Investors have put more than $21 billion into BlackRock's iShares 20+ Year Treasury Bond exchange-traded fund year-to-date, and those flows have accelerated in recent weeks. The fund's shares have
( 23
min )
Shares of SoFi Technologies are up in morning trading after the fintech company raised its full-year outlook for revenue and adjusted earnings, saying it expects to post a profit for the fourth quarter.
Chief Executive Anthony Noto, citing the company's third-quarter performance, said SoFi expects
( 23
min )
Merger mania swept the beleaguered real-estate sector on Monday with the announcement of two multi-billion dollar deals.
San Diego's Realty Income (O) agreed to buy Dallas-based Spirit Realty Capital ([SRC](https://www.wsj.com/market-data/quotes/S
( 23
min )
(Bloomberg) -- Panama will hold a referendum on whether to revoke the controversial contract awarded to Canadian copper miner First Quantum Minerals Ltd., as the government tries to calm mass unrest triggered by the deal. Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursRussia Shuts Airport After Mob Encircles Flight From IsraelIsrael Latest: War Intensifies as Netanyahu Faces Calls to QuitHedge Funds Pile Into Uranium Stocks Set for ‘Dramatic’ RiseIsrael Deepens
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ON Semi expects fourth-quarter earnings of between $1.13 and $1.27 a share, which is below analysts' consensus.
( 20
min )
Western Digital plans to break itself up, separating its business making traditional hard drives for computers from its flash-memory business.
( 27
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The groups said in a statement that their merger, expected to close Monday, will complete "soon."
( 25
min )
NBA icon Magic Johnson has become the fourth sports star to reach billionaire status, with a net worth of $1.2 billion, according to Forbes’ calculation.
( 33
min )
An offer to refinance if rates drop in the future might not help you save in the long run.
( 28
min )
The Detroit automakers’ labor-cost disadvantage to rivals such as Toyota and Tesla is about to get worse just as many aspects of their growth plans get cloudier.
( 30
min )
Healthpeak Properties and Physicians Realty Trust are combining in an all-stock merger valued at $21 billion.
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(Bloomberg) -- Realty Income Corp., an owner of convenience stores, warehouses and other commercial real estate, agreed to acquire Spirit Realty Capital Inc. for $5.3 billion in an all-stock transaction. Most Read from BloombergIsrael Latest: War Deepens as Concerns Mount Over Gaza CiviliansPutin Calls Meeting to Discuss Anti-Israel Mob in DagestanIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael-Hamas War Escalation Puts Qatar’s Clout to the TestHSBC Plans $3 Billion Buyback, CEO
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Can a nursing home seize your savings? What if your money is in a trust or a Roth IRA? For married and single retirees alike, these are important questions with nuanced answers. First for the good news: A nursing home cannot simply take your retirement accounts or savings. Short of legal action due to an […] The post Can a Nursing Home Take Our Assets? We Have a $500k IRA and a Trust to Protect Us appeared first on SmartReads by SmartAsset.
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Realty Income has agreed to acquire Spirit Realty Capital in an all-stock deal valued at about $9.3 billion.
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Realty Income said on Monday it would buy Spirit Realty Capital in an all-stock deal valued at $9.3 billion as it looks to expand its real estate portfolio. Shares of Realty Income are down 1.7% at $48.4 in premarket trading, while Spirit Realty was up 11% at $35.91. Under the terms of the agreement, Spirit shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own.
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(Bloomberg) -- A deteriorating outlook for corporate earnings offers little support for the S&P 500 reeling from its worst October since 2018.Most Read from BloombergIsrael Latest: War Intensifies as Netanyahu Faces Calls to QuitRussia Shuts Airport After Mob Encircles Flight From IsraelIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael-Hamas War Escalation Puts Qatar’s Clout to the TestHSBC Plans $3 Billion Buyback, CEO Touts Capital StrengthWhile data from Bloomberg Intelligence s
( 34
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A closely followed technical indicator could lure more traders to Bitcoin, which has risen 30% in about two weeks.
( 22
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FTX founder Sam Bankman-Fried is set on Monday to resume testifying at his fraud trial on charges related to the cryptocurrency exchange's collapse last year. Here are five key moments from Bankman-Fried's testimony so far. Bankman-Fried testified that "a lot of people got hurt" in FTX's November 2022 collapse.
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The United Auto Workers union announces a strike at another General Motors plant, Nelson Peltz's push for board seats at Disney gets a boost, and results from Apple are a highlight on this week's busy earnings calendar.
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However, the clashes had little impact on U.S. stock markets, with megacap growth names such as Nvidia, Amazon.com and Tesla up between 0.9% and 1.6% in premarket trading. "The ground offensive in Gaza will still be causing some concern, but it has been largely expected and that's why I don't think you've seen any kind of particularly adverse reaction on the markets today," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Adding to bond market worries, the U.S. Treasury is likely to boost the size of auctions for bills, notes, and bonds in the fourth quarter when it announces its financing plans this week to fund a worsening budget deficit.
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(Bloomberg) -- Broadcom Inc. said its $61 billion agreement to buy software maker VMware Inc. will close before the expiration of their merger agreement, an attempt to reassure investors after concerns that Chinese regulators might delay the deal. Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursRussia Shuts Airport After Mob Encircles Flight From IsraelIsrael Latest: War Intensifies as Netanyahu Faces Calls to QuitHedge Funds Pile Into Uranium Stocks Set for ‘Dra
( 34
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(Bloomberg) -- ArcelorMittal SA shares fell 5% after the Kazakh government announced plans to take over the company’s operations in the country following its worst mining accident in recent history.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursRussia Shuts Airport After Mob Encircles Flight From IsraelHedge Funds Pile Into Uranium Stocks Set for ‘Dramatic’ RiseIsrael Deepens a War With Hamas That Has No End in SightHow This Israel-Hamas Conflict Is Like Nothing
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Strategists at JPMorgan have advised opening a 'short' position in European banks, and moved the sector from 'neutral' to 'underweight', they said in a note published on Monday. "If the bond yields are in the process of peaking this quarter, as we suspect ... then Banks could start to struggle," JPM strategists, led by Mislav Matejka, said. European banking shares have been some of the best performing in Europe in 2023, with the STOXX Europe 600 Banks Index rising almost 8% year-to-date versus a 1% for the broader STOXX 600.
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(Bloomberg) -- Investors are missing a big opportunity to profit from the energy transition because they have an outdated view of the metals and mining industry, according to one of the sector’s most influential investors.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursRussia Shuts Airport After Mob Encircles Flight From IsraelIsrael Deepens a War With Hamas That Has No End in SightHedge Funds Pile Into Uranium Stocks Set for ‘Dramatic’ RiseHow This Israel-Hamas
( 34
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(Bloomberg) -- Investors hoping for a boost to stocks by the end of the year will be disappointed, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael Deepens a War With Hamas That Has No End in SightHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeHedge Funds Pile Into Uranium Stocks Set for ‘Dramatic’ RiseRussia Closes Airport After Mob Swarms Flight From Israel“Chances of a fourth-quarter rall
( 33
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Sara Devereux, global head of fixed income, says investors do better by locking in higher rates for longer than by staying in short-dated debt.
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Asian shares were mostly lower on Monday ahead of a Federal Reserve decision this week on interest rates. U.S. futures gained while oil prices fell more than $1 a barrel. The Israeli military’s ground forces conducted incursions into Gaza over the weekend and Prime Minister Netanyahu warned of a “long and difficult” war.
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(Bloomberg) -- Gold traded near $2,000 an ounce — after breaching the threshold for the first time since May on Friday — as Israel’s ground invasion of Gaza appeared to be more cautious than it had initially vowed. Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael Deepens a War With Hamas That Has No End in SightHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeRussia Closes Airport After a Mob Attack on Airplane From IsraelUkraine Recap:
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The Asia-focused lender also intends to initiate a further share buyback of up to $3 billion after announcing three share buybacks in 2023 totaling up to $7 billion.
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HSBC Holdings reported a 240% increase in third-quarter pre-tax profit on Monday as higher interest rates boosted profitability, although it missed market estimates. Europe's largest bank with a market value of $118.6 billion posted a pre-tax profit of $7.7 billion for the July to September quarter, versus $3.2 billion a year earlier, trailing the $8.1 billion mean average estimate of brokers compiled by HSBC.
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Former Marvel Entertainment executive Ike Perlmutter says he can ‘no longer watch the business underachieve its great potential.’
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(Bloomberg) -- Even as the supercharged rally in Tesla Inc. cools on weaker sales growth, expectations are ramping up for China’s top electric-vehicle maker BYD Co. thanks to record-high profits.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael Deepens a War With Hamas That Has No End in SightHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeUkraine Recap: Russian Su-25 Fighter Jet Said to be Shot DownGM Hit With More Strikes While Stellan
( 35
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Market legend Warren Buffett has said of investing, “If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes.” Like most of his bon-mots, this quip embodies a basic fact about the stock markets: it’s a long-term game. There are serious headwinds in the market today, ranging from worries over the persistently stubborn inflation and the Fed’s high-interest rate policy to a steadily worsening geopolitical situation, and investor sentiment is getti
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Take a look at the differences between preferred stock ETFs and bond ETFs and why you should invest in one over the other.
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(Bloomberg) -- The interest rate that neither spurs nor slows the US economy has at least doubled in the aftermath of the pandemic, handing investors a reason to be nervous about buying bonds or stocks, according to the latest Bloomberg Markets Live Pulse survey.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael Deepens a War With Hamas That Has No End in SightHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeGM Hit With More Strikes While
( 35
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De uitvoer naar Rusland heeft ons land vorig jaar 1,7 miljard euro opgeleverd. Dat is fors minder dan de 2,9 miljard euro van een jaar eerder. De export naar landen in de buurt van Rusland is juist hard gestegen.
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Vanaf november heb je op Facebook en Instagram de keuze uit een gratis versie met gepersonaliseerde reclame, of een betaalde versie zonder reclame. Daarmee hoopt Facebook-moederbedrijf Meta te voldoen aan de strenge Europese privacywet.
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De flinke prijsverhogingen schrikken liefhebbers van de McDonald's niet af om er een snelle hap te halen. Alle verkochte hamburgers, salades en happy meals leverden het fastfoodbedrijf wereldwijd een winst van omgerekend 2,1 miljard euro op.
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Vanaf november heb je op Facebook en Instagram de keuze uit een gratis versie met gepersonaliseerde reclame, of een betaalde versie zonder reclame. Daarmee hoopt Facebook-moederbedrijf Meta te voldoen aan de strenge Europese privacywet.
( 9
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De rente die je op je spaargeld ontvangt, is in sommige Europese landen bijna twee keer zo hoog als in Nederland. Toezichthouder ACM gaat daarom onderzoeken of er nog genoeg concurrentie op de Nederlandse spaarmarkt is.
( 8
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In aanloop naar de Tweede Kamerverkiezingen duikt NU.nl in de verschillende verkiezingsprogramma's van partijen. Deze keer: de woningmarkt. Over meer betaalbare huizen, het versoberen van de hypotheekrenteaftrek en strengere regels op de huurmarkt.
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Gokbedrijven GoldWin en MKC Limited hebben flinke geldboetes opgelegd gekregen. De bedrijven zijn in ons land actief met goksites WestCasino en Betworld247, maar hebben daar geen vergunning voor. GoldWin moet bijna 7 miljoen euro betalen en MKC Limited bijna 1 miljoen euro.
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De Duitse economie is in het derde kwartaal van dit jaar licht gekrompen. De grootste economie van Europa en de belangrijkste handelspartner van Nederland stevent daarmee af op een mogelijke recessie.
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Tientallen mannen hebben kledingketen Abercrombie & Fitch voor de rechter gesleept. Ze houden het bedrijf mede-verantwoordelijk voor grootschalige seksuele uitbuiting van mannelijke modellen door ex-topman Mike Jeffries.
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De landen van de G7 hebben een lijst met gedragsregels opgesteld voor bedrijven die zich bezighouden met de ontwikkeling van kunstmatige intelligentie. De regels zijn bedoeld om AI veilig en betrouwbaar te houden.
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Ahold Delhaize neemt de Roemeense levensmiddelenketen Profi over voor 1,3 miljard euro. Hiermee verdubbelt het moederbedrijf van onder andere Albert Heijn zijn aanwezigheid in Roemenië ruimschoots. Met het merk Mega Image was Ahold Delhaize al actief in Roemeense steden.
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Ahold Delhaize neemt de Roemeense levensmiddelenketen Profi over voor 1,3 miljard euro. Hiermee verdubbelt het moederbedrijf van onder andere Albert Heijn zijn aanwezigheid in Roemenië ruimschoots. Met het merk Mega Image was Ahold Delhaize al actief in Roemeense steden.
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Het wankele Chinese vastgoedconcern Evergrande krijgt een allerlaatste kans om met een plan van aanpak te komen voor zijn geldproblemen. Als het plan niet goed genoeg is, geeft de rechter in Hongkong waarschijnlijk het bevel tot ontmanteling van het bedrijf.
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Zorgmedewerkers hebben zich het afgelopen kwartaal weer minder vaak ziek gemeld. Ook in eerdere kwartalen van dit jaar daalden de verzuimcijfers al.
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De Japanse autoproducent Toyota heeft het afgelopen half jaar wereldwijd een recordaantal auto's verkocht. Met name de verkoop van hybride auto's, die deels elektrisch rijden, ging flink de hoogte in.
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In aanloop naar de Tweede Kamerverkiezingen duikt NU.nl in de verschillende verkiezingsprogramma's van partijen. Deze keer: de woningmarkt. Over meer betaalbare huizen, het versoberen van de hypotheekrenteaftrek en strengere regels op de huurmarkt.
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A credit crisis is a breakdown of a financial system caused by a severe disruption of the normal process of cash movement that underpins any economy.
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Do you have unused credit card rewards? You can gift them to family and friends and help pay for a honeymoon, birthday, or trip. Here's how to gift points, miles, and more.
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It's easy to make a gift to a 529 plan. If you do, you are unlikely to incur a gift tax and the earnings can grow tax-free for your intended beneficiary.
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Happiness economics is the formal study of the relationship between individual satisfaction and economic factors such as employment and income.
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These techniques can help you pass the Series 6 exam without the added stress. Here are six tips to get you ready.
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IBFs allow depository institutions in the U.S. to offer deposit and loan services to foreign residents and institutions.
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SoFi reported record new quarterly membership and product enrollment, helping prompt it to raise its full-year guidance for revenue and earnings.
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GM announced a tentative deal with the United Auto Workers union on Monday, ending a six-week strike against the Big Three automakers.
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The S&P 500 gained 1.2% on Monday, Oct. 30, 2023, ahead of more big earnings releases, the Fed meeting, and the October jobs report.
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Real estate investment trust (REIT) Realty Income Corp. said it would buy another REIT, Spirit Realty Capital, for $9.3 billion in an all-stock deal.
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The prime rate is one of the most prominent benchmark rates, which tends to track the federal funds rate closely over time. LIBOR was discontinued in 2023.
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Brexodus refers to the mass exit of individuals and corporations that Brexit, the U.K.'s divorce from the EU, was predicted to cause.
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Northrop Grumman and York Space Systems were awarded $1.3 billion worth of contracts to provide communications satellites for the Pentagon's Space Development Agency.
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
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After decades of gains, investment losses for the second straight year have put tax-loss harvesting options into play for bond investors. Financial advisors, though, caution that investors should first consider a wide array of factors when deciding whether to use them.
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At 5.6 million units, the world's largest carmaker registered a third consecutive year-on-year increase in production, putting it on track for another year of strong gains.
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Shares of Western Digital Corp. (WDC) surged more than 10% in early trading Monday before giving back gains, after the company said it would spin off its flash memory business into a separate company.
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It’s time to review your annual financial plan and check the progress on your most important goals. If you've never done it, here’s how to start.
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President Joe Biden issued an executive order on Monday to set guidelines for artificial intelligence regulation.
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Index ETFs are exchange-traded funds that seek to track a benchmark index like the S&P 500 as closely as possible.
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min )
Made in America isn't as cut and dried as you might think. Unclear FTC rules allow just enough flexibility to make it hard to tell fact from fiction.
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Women software developers are less likely than men to say they plan to pursue upskilling related to artificial intelligence, which could widen the existing gender gap within the tech industry.
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Hyperinflation is a term to describe rapid, excessive price increases in an economy.
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A margin account is a brokerage account in which the broker lends the customer cash to purchase assets. Trading on margin magnifies gains and losses.
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If you’re working and taking RMDs, your taxable income may start to bulge. Find out how to keep it—and your tax bill—under control.
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Exchange-traded notes (ETNs) are a type of unsecured debt security that tracks an underlying index of securities and trades on a major exchange like a stock.
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The average credit score among U.S. consumers rose to a record high of 718 in April, up from 716 last October.
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min )
Medicare Advantage, or Medicare Part C, is a type of hospital and medical insurance provided by private companies instead of the federal government.
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There are four Medicare parts: A, B, C, and D. Learn what each Medicare part covers—including hospital, medical, and prescription drug coverage.
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A passive ETF is a method to invest in an entire index or sector with the benefits of low costs and transparency absent in active investing.
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When you turn 65, you have to decide whether or not to enroll in Medicare. This guide provides answers for people who are still employed.
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Whether you stay with Original Medicare or choose a Medicare Advantage plan depends on how much you value flexibility versus cost and other factors.
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A stock exchange-traded fund is a security that tracks a particular set of equities or index but trades like a stock on an exchange.
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U.S. equities advanced at midday on Monday, Oct. 30, 2023 ahead of more key earnings reports, the Fed's policy meeting, and the Labor Department's October jobs report.
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One of the largest companies that services federal student loans is being punished by the Biden administration for errors affecting millions of borrowers.
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The Government Securities Clearing Corporation was a non-profit organization that clears and nets U.S. government securities and agency debt securities.
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Understand what metrics are most commonly used to assess stock price volatility compared to its own price history and that of the wider market.
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Onsemi shares plummeted after the chipmaker gave worse-than-expected guidance as sales softened and its operating margin fell.
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An alternative investment is a financial asset that does not fall into one of the conventional investment categories which are stocks, bonds or cash.
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McDonald’s posted better-than-expected results as customers paid higher prices for their food.
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Stellantis reached a tentative deal with Canadian union Unifor, after coming to an agreement with the United Auto Workers union in the U.S.
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Inflation-linked bonds, such as TIPS and I-Bonds, protect investment returns from the loss of purchasing power and increase portfolio diversification.
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A smart Beta ETF is a type of exchange-traded fund that uses a rules-based system for selecting investments to be included in the fund.
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Homeowners may be able to borrow up to 85% of the equity in their property with a home equity loan.
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If you want to contribute to another person’s IRA, it is important to understand the contribution requirements and limitations.
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A sector exchange-traded fund (ETF) invests in the stocks and securities of a specific sector, typically identified in the fund title.
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Reverse mortgages and annuities are two quite different financial products, but both are used to generate a steady stream of income for retirement.
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When my sister got a large inheritance and told me she wanted to travel, I convinced her to open a Bask Bank Mileage Savings account to earn miles instead of interest.
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Sure, you can be a landlord, but there are other, less time-consuming ways to make money by investing in real estate.
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The three best CD rates available nationwide are from credit unions: 6.50% from Financial Partners Credit Union and 6.00% from Credit Human and Sandia Area Federal Credit Union.
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Rates for almost every mortgage type have fallen, including a dip in 30-year rates that drops the flagship average to its lowest level in almost two weeks.
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The golden visa is a type of residency-by-investment program offered by several countries, allowing foreign nationals to obtain residency rights by making a significant investment in the country's economy.
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The racial wealth gap refers to the difference in assets among different racial and ethnic groups, reflecting resource and opportunity disparities.
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Starting a business with no money can be challenging, but it's not impossible if you know how to get creative with finding ways to finance it.
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Despite efforts by advisors to provide niche services, there are still markets that remain untapped.
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Porter's 5 Forces is a model that identifies and analyzes the competitive forces that shape every industry and helps determine an industry's weaknesses and strengths.
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SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning.
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Advising clients who are not U.S. citizens on Social Security is complex. Here is how you can successfully navigate this challenge.
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Advisors who do not devote sufficient attention to compliance issues can find themselves in hot water with both regulators and their clients.
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You can add Bitcoin to Fidelity’s 401(k) accounts. In this article, we’ll explore the pros and cons of doing so.
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A 401(k) loan won’t affect your current or future mortgage. Learn how a 401(k) loan works and about how to use it to finance a down payment on a new home.
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Find out how supply, demand, and central bank policy all affect savings account rates offered by banks for extra deposits on account balances.
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min )
While many have been slow to adapt AI or wary of its benefits, financial advisors who do not adapt the technology to their practice will be left behind.
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A commodity ETF is an exchange traded fund that invests in physical commodities, such as agricultural goods, natural resources, and precious metals.
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The federal deduction for state and local taxes (SALT) for taxpayers who itemize deductions is currently capped at $10,000. What’s next?
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Find out which developed-market ETFs manage the greatest asset base, and why major U.S. equity-only funds are not included in the calculation.
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Although preferred stock ETFs may pay higher dividends, they also pose risks, including lack of diversification and sensitivity to interest rates.
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min )
Take a look at the differences between preferred stock ETFs and bond ETFs and why you should invest in one over the other.
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min )
Reliance on an income tax versus a consumption tax is one big difference between U.S. revenue sources and those of other countries. Learn the options.
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Investors who are over the leverage game should consider ETFs as a way to maximize returns and increase exposure.
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Due to their ease of use, low fees and diversification benefits, ETFs have exploded in popularity. We look at six common types of funds.
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min )
HONG KONG (Reuters) -A hearing on Monday to wind up China Evergrande Group was adjourned until Dec. 4, with a Hong Kong High Court judge giving the world's most indebted property developer one last chance to come up with a restructuring plan or face liquidation. Evergrande, which has more than $300 billion of liabilities, defaulted on its offshore debt in late 2021 and became the poster child of a debt crisis that has since engulfed China's property sector. Justice Linda Chan told the court the next hearing would be the last before a decision is made on the winding up order.
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(Bloomberg) -- The Federal Reserve’s policy statement is setting up to be the No. 2 event on Wednesday, with investor focus instead likely to be on the Treasury Department’s new borrowing plan, due hours ahead of the interest-rate decision.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeIsrael Deepens a War With Hamas That Has No End in SightCanada Plans College Crackdown Amid Foreign Student Tr
( 35
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Gas prices continue to fall as the Israel-Hamas war escalates, but the situation could change quickly.
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(Bloomberg) -- The expansion of Israel’s ground operations in Gaza added more pressure to global markets as investors prepare for a busy week packed with major central bank decisions and a high-stakes announcement of US bond sales. Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursCanada Plans College Crackdown Amid Foreign Student TroublesGM Hit With More Strikes While Stellantis Reaches Deal With UAWHow This Israel-Hamas Conflict Is Like Nothing That’s Happened B
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Landlords are paying off millions of pounds in mortgage debt in a bid to reduce rising interest bills.
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Interest rates are climbing, driving prices higher for everything from homes to cars to credit cards. With the Federal Reserve on tap to raise rates further, how high can they go?
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Investors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.
( 34
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The S&P 500 and Nasdaq Composite were in correction territory Friday after dipping more than 10% from recent peaks. What it means for you.
( 34
min )
DETROIT (Reuters) -United Auto Workers union leaders approved a new tentative contract agreement Sunday with Ford Motor that includes $8.1 billion in company manufacturing investments, while bargaining continues at General Motors without any deal. UAW President Shawn Fain on Saturday ordered a walkout at GM's Spring Hill, Tennessee engine and assembly plant, criticizing management's "unnecessary and irresponsible refusal to come to a fair agreement." Fain met with union leaders on Sunday to go over the agreement before officials agreed to submit the deal to the full membership for a ratification vote.
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The proposed increase has turned into a fight over renewable power in the coal-rich state and led to talks of a government takeover.
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Dealers’ margins would have been at risk if the UAW strikes continued.
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(Bloomberg) -- A Federal Reserve meeting typically is the stock-market story of the week. Not so this time, however, as investors are more focused on Apple Inc.’s Thursday earnings report than the central bank’s Wednesday interest-rate decision. Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursCanada Plans College Crackdown Amid Foreign Student TroublesGM Hit With More Strikes While Stellantis Reaches Deal With UAWIsrael Warns of ‘Long’ War as Invasion of Gaza Str
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Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: Corvex doubles stake in Southwest Gas, Ancora supports Forward Air’s decision to terminate Omni Logistics merger, Satori's Dan Niles covers shorts in Tesla and Apple and looks to re-short higher, and top brass buys at Truist Financial, Nasdaq, and Commercial Metals. InvestingPro subscribers got this news first.
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(Bloomberg) -- Oil and gas markets are set for another volatile week of trading after Israel began its long-anticipated ground invasion of Gaza.Most Read from BloombergIsrael Latest: Air Force Drops Leaflets Urging Hamas SurrenderCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsGM Hit With More Strikes While Stellantis Reaches Deal With UAWHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeThe biggest risk to
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(Bloomberg) -- The surprising resilience of American consumers is about to be tested over the coming months, as rising delinquencies, growing debt payments and dwindling cash piles put pressure on household balance sheets. Most Read from BloombergIsrael Latest: Air Force Drops Leaflets Urging Hamas SurrenderCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsGM Hit With More Strikes While Stellantis Reaches Deal With UAWHow This
( 35
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(Bloomberg) -- If there’s one thing that crypto enthusiasts love more than the digital assets themselves, it’s memes. A frenzy of crypto-based memes have gained fresh momentum last week as Bitcoin rallied.Most Read from BloombergIsrael Latest: Army Says It Strikes Hezbollah Targets in LebanonCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsGM Hit With More Strikes While Stellantis Reaches Deal With UAWIsrael Enters ‘New Stage’
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This week in Borderlands: The U.S. mulls terminating a tomato trade agreement with Mexico; Walmart opens a fulfillment center near Dallas; Saddle Creek Logistics is opening a distribution center in Arizona; and layoffs hit GulfMark Energy’s operations in Texas. The post Borderlands: US mulls terminating tomato trade agreement with Mexico appeared first on FreightWaves.
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Following CEO Kiwi Camara’s exit, employees called for a board investigation. CS Disco says it is working to address staff concerns.
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(Bloomberg) -- Middle Eastern markets that opened on Sunday showed little sign of panic as trading began a day after Israel started its ground invasion of Gaza.Most Read from BloombergCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsGM Hit With More Strikes While Stellantis Reaches Deal With UAWIsrael Enters ‘New Stage’ of War With Gaza Ground FightingIsrael Latest: Strikes on Gaza as Israel Enters Ground WarIsrael’s TA-35 sto
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min )
A mix of job security, high savings and skepticism about the future are keeping U.S. consumers’ wallets open.
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A massive untapped iron ore mine in West Africa has shot up China's list of belt and road priorities as it pushes to cut reliance on Australia and Brazil for the mineral essential to steel production. Simandou, a 110km (68 mile) mountain range in the inland forests of southeastern Guinea, is home to the world's largest known undeveloped reserve of high-grade iron ore, with a projected annual production capacity of 120 million tonnes. The vast deposits have drawn Chinese multinationals including
( 37
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Over the past 50 years, four tidal waves of debt have crashed down on the global economy – three of which ended in crisis.
( 35
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(Bloomberg) -- Nearly two years since the invasion of Ukraine, a handful of western banks and traders from Citigroup Inc. to Trafigura Group are increasingly willing to enter new deals for Russian metals, seizing opportunities for profit while competitors hold back.Most Read from BloombergCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsIsrael Enters ‘New Stage’ of War With Gaza Ground FightingGM Hit With More Strikes While St
( 36
min )
Here is your Pro Recap of 5 head-turning deal dispatches you may have missed last week: Chevron to buy Hess for $53 billion, Vista Equity Partners to pick up EngageSmart, Roche to buy Telavant Holdings from Roivant and Pfizer , Western Digital drops on 'scrapped' merger, and Forward Air seeks to terminate disastrous Omni merger. Chevron (NYSE:CVX) last week said it struck an all-stock deal to buy Hess (NYSE:HES) for $53 billion, or $171 per share, based on Chevron's Oct. 20 closing price.
( 35
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(Bloomberg) -- Employers in the US probably tempered their pace of hiring this month after beefing up payrolls by the most since the start of the year, consistent with a sturdy labor market that’s powering economic expansion.Most Read from BloombergCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsIsrael Enters ‘New Stage’ of War With Gaza Ground FightingEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventGovernme
( 37
min )
The median U.S. first-lien mortgage holder in September had a 3.5% rate, according to one data firm.
( 28
min )
One of the hottest investments on Wall Street is something of a surprise—a battered, long-dated Treasury bond fund.
( 23
min )
The United Auto Workers calls a fresh walkout at a General Motors factory in Tennessee.
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min )
(Bloomberg) -- Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills.Most Read from BloombergCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsIsrael Enters ‘New Stage’ of War With Gaza Ground FightingGM Hit With More Strikes While Stellantis Reaches Deal Wit
( 37
min )
Currency ETFs are financial products built with the goal of providing investment exposure to forex currencies.
( 25
min )
The top 10 strategies advisors can implement to generate leads, as well as the ones they should avoid.
( 21
min )
Learn how the phrase "pork barrel" came to be associated with politically motivated government spending.
( 23
min )
A default happens when a borrower fails to make required payments on a debt, whether of interest or principal. Find out what the consequences of default are.
( 29
min )
The non-profit sector offers a stable selection of jobs for those who seek other types of fulfillment from their jobs than just purely financial.
( 19
min )
In this article, we'll discuss the personal characteristics, education and training you need to obtain the profession you want in the financial industry.
( 23
min )
Learn what present value (PV) and future value (FV) are and how to calculate present value in Excel given the future value, interest rate, and period.
( 23
min )
Some financial advisors are paid by mutual fund companies for as long as their clients own their funds. Here's how it works.
( 23
min )
The UAW labor union has come to an agreement to end strike action against Stellantis, while increasing the pressure on General Motors.
( 17
min )
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index tracks the changes in the overall value of the U.S. residential market over time.
( 23
min )
Learn about the wide range of designations available in the financial industry and their varying requirements.
( 24
min )
Is cold calling really dead? If so, what are the better alternatives?
( 19
min )
Here's how to think outside of the box when it comes to attracting a high-net-worth client base.
( 21
min )
Certificates of deposit (CDs) and stocks vary greatly in their risks, potential returns, and flexibility. Find out their key differences.
( 24
min )
Becoming a portfolio manager is an incredible step, but the requirements can be hard to come by, and only those who are truly prepared will succeed.
( 22
min )
Target-date and index funds are difficult to compare because they differ in both structure and objective, though investors can compare two specific funds.
( 21
min )
If you receive Social Security disability benefits, there’s a limit on how much income you can earn from working but none on passive income from investments.
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min )
Een groeiende groep Nederlanders is niet aanvullend verzekerd voor fysiotherapie. Een deel van hen komt daardoor in het ziekenhuis terecht, terwijl een fysiotherapeut ze ook had kunnen behandelen, wat goedkoper is.
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min )
Oekraïne wil vanaf 2025 geen Russisch gas meer doorvoeren richting het westen. Dat zegt Oleksej Tsjernysjov, de topman van het Oekraïense gasbedrijf Naftogaz.
( 8
min )
De Israëlische economie zou in de laatste drie maanden van het jaar stevig kunnen krimpen. Dat hebben economen van de Amerikaanse bank JPMorgan Chase becijferd.
( 9
min )
De Israëlische economie zou in de laatste drie maanden van het jaar stevig kunnen krimpen. Dat hebben economen van de Amerikaanse bank JPMorgan Chase becijferd, nu Israël in oorlog is met Hamas.
( 9
min )
Werknemers in de Nederlandse houthandel leggen donderdag en vrijdag 48 uur lang het werk neer. Meer stakingen zijn aanstaande, waarschuwt vakbond FNV.
( 9
min )
Sinds de introductie van Apples AirPods in 2016 hebben veel andere fabrikanten ook draadloze oordopjes op de markt gebracht. Daardoor heb je nu een ruime keuze. Tweakers zocht uit welke in-ears op dit moment de beste zijn.
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De Amerikaanse vakbond voor de auto-industrie UAW heeft na 44 dagen staking een voorlopig akkoord bereikt met autoproducent Stellantis. Bij General Motors, de enige van de drie grote fabrikanten die volhardt, wordt de wekenlange staking uitgebreid.
( 9
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NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Vandaag gaat het over energiecontracten. De energieprijzen stijgen weer na een lange daling. Dit lijkt dus hét moment om voor zekerheid te kiezen, in de vorm van een vast contract. Toch wachten veel consumenten nog af. Ga jij voor een vast contract? Of kies je daar juist niet voor?
( 8
min )
De Amerikaanse vakbond voor de auto-industrie UAW heeft na 44 dagen staking zaterdag een voorlopig akkoord bereikt met autoproducent Stellantis. Bij General Motors, de enige van de drie grote fabrikanten die volhardt, wordt de wekenlange staking uitgebreid.
( 9
min )
Het Nederlandse stroomnet is overvol. Zo vol dat er enorme wachtlijsten voor aansluiting op het netwerk zijn. Kan 'spitsmijden' ruimte maken op het stroomnet?
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min )
Van alles wat je op een doordeweekse avond kan doen, had techjournalist Rutger Otto niet verwacht dat hij ooit in een door tieners gemaakte Ryanair-simulatie zou zitten. Toch stapte hij met tientallen Roblox-spelers aan boord van een virtueel vliegtuig richting de hoofdstad van Montenegro.
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The Defiant's most read stories for the week of Oct. 23.
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(Bloomberg) -- It’s been a tempestuous year for US Treasuries. The coming week will set the stage for how it ends.Most Read from BloombergIsrael Enters ‘New Stage’ of War With Gaza Ground FightingCanada Plans College Crackdown Amid Foreign Student TroublesEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventIsrael Latest: Iranian Minister Warns US Over Support of IsraelIn the span of just a few days, investors will get updates on the major forces responsible for the unusually high v
( 34
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Chrysler-parent Stellantis reached a deal with the United Auto Workers to end a six-week strike just days after Ford Motor came to a tentative agreement with the union.
( 28
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ON is scheduled to report earnings. A beat could help its stock rebound.
( 26
min )
For Microsoft, Meta, Alphabet, and Amazon, generative AI is a high-stakes, no-limit poker game that requires not just capital but also labor—mainly costly coders.
( 35
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Imagine awakening to the gentle sound of waves washing up on a pristine beach, steps away from your luxury villa. You enjoy a gourmet breakfast while planning your day, debating between taking a tranquil boat trip or enjoying a private tour of a renowned local museum. All of these are made possible because you’ve amassed […] The post What a Retirement Lifestyle With $20 Million Looks Like appeared first on SmartReads by SmartAsset.
( 37
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My wife and I bought long-term care policies 25 years ago when they were relatively cheap. Now, our premiums have increased for the third time to over $500 per month and will rise again in six years. I figure I’ve already paid about $72,000 in premiums. Now, in our late 70s, I’m trying to decide […] The post Ask an Advisor: Our Long-Term Care Insurance Now Costs $500 Per Month. We’re in Our Mid-70s and Have Paid $72k in Total. Should We Cancel Our Policies? appeared first on SmartReads by SmartA
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I'm constantly losing money on stock and cryptocurrency investments. And I paid for the advice that has given me the information that I've used to do this. For example, I was told to buy SoFi and lost money the whole … Continue reading → The post Ask an Advisor: I'm Losing Money on Investments. How Can My Advisor Let This Happen? appeared first on SmartAsset Blog.
( 36
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Stellantis plans to invest $1.6 billion in Chinese EV startup Leapmotor as other automakers struggle in China's electric vehicle market.
( 34
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They want to build an emergency fund and start planning for children. A financial adviser offers her suggestions for how they can best get there.
( 29
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(Bloomberg) -- Earnings season is halfway through, and one thing is becoming clear – equity investors are frustrated with all the losing.Most Read from BloombergIsrael Enters ‘New Stage’ of War With Gaza Ground FightingCanada Plans College Crackdown Amid Foreign Student TroublesEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventIsrael Latest: Iranian Minister Warns US Over Support of IsraelEleven trading days have elapsed since JPMorgan Chase & Co. kicked off quarterly results, an
( 34
min )
(Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. spent recent days telling investors why they want to spend $114 billion combined on two megadeals. On Friday, their earnings reports revealed why they need to.Most Read from BloombergCanada Plans College Crackdown Amid Foreign Student TroublesEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventIsrael Latest: Iranian Minister Warns US Over Support of IsraelIsrael Enters ‘New Stage’ of War With Gaza Ground FightingExxon’s oil product
( 35
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One 78-year-old says he loves his profession and can't imagine stepping back from his work. "I'll retire in a wooden box," he said.
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Lackluster earnings and soaring Treasury yields have dragged down big tech stocks and the ETFs exposed to them.
( 20
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As millions of current and new Medicare beneficiaries evaluate the insurance that’s right for them, an expert offers some suggestions to avoid costly errors.
( 35
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Hess’s sale to Chevron concludes nearly a century of globe-spanning oil discoveries and Homeric fights for the New York oil giant
( 25
min )
The mortgage industry is notoriously feast or famine, but there’s no obvious way out of this bust, and many mortgage companies are growing desperate.
( 25
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Automattic CEO Matt Mullenweg and Coursera CEO Jeff Maggioncalda stand strong behind their remote work policies.
( 35
min )
Fortune analyzed hundreds of pages of AI reports from investment banks, hedge funds, and research firms. They say it will change everything—eventually.
( 40
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(Bloomberg) -- Markets have grown more pessimistic about the outlook for US economic growth, and if that continues in a substantial way it may offer a chance to buy stocks, according to Goldman Sachs Group Inc.Most Read from BloombergIsrael Latest: Iranian Minister Warns US Over Support of IsraelHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventS&P 500 Extends Slide From Its July Peak to 10%: Markets W
( 33
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The company knew it needed new expertise. But creating a startup mentality to mesh with an 86-year-old giant didn’t work.
( 25
min )
(Bloomberg) -- Google has committed to invest $2 billion in the artificial intelligence company Anthropic, solidifying its relationship with the startup darling and stoking the Silicon Valley frenzy for AI. Most Read from BloombergCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsIsrael Enters ‘New Stage’ of War With Gaza Ground FightingGM Hit With More Strikes While Stellantis Reaches Deal With UAWThe deal is structured as a c
( 35
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First impressions count, so prepare well for your first meeting with a client. Get to know as much as you can about the person and be ready to answer questions.
( 20
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Financial advisors should know what industry experts are dishing about. Here are five blogs to bookmark.
( 21
min )
Thinking outside of the box when it comes to meeting prospective wealthy clients can ultimately pay off.
( 23
min )
Restaurant chain Chipotle Mexican Grill (CMG) posted higher-than-expected earnings and revenue in the third quarter as consumers splurged on burritos despite more-expensive menu prices.
( 18
min )
Lackluster earnings and soaring Treasury yields have dragged down big tech stocks and the ETFs exposed to them.
( 19
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You can buy and sell NFTs on NFT marketplaces. Follow this comprehensive how-to guide covering all you need to know about the process.
( 25
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A gift letter is a piece of legal, written correspondence explicitly stating that money received isn’t expected to be repaid.
( 25
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Growing your client book takes more effort than simply running a radio or newspaper ad.
( 24
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Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. Learn more about how it works.
( 24
min )
To receive Supplemental Security Income (SSI), a beneficiary cannot breach specific income and asset limits. If they do, benefits can be decreased or eliminated.
( 27
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Limburgers kunnen vanaf volgend jaar een vergoeding krijgen voor lichte en zware schade aan hun huizen als gevolg van steenkoolwinning. De laatste steenkoolmijn in de provincie is in 1974 gesloten, maar de schade is bij sommige huizen nog altijd zichtbaar.
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X heeft weer twee nieuwe betaalde abonnementen geïntroduceerd. De premiumaccounts geven klanten nieuwe mogelijkheden en prominentere plekken op het sociale medium.
( 10
min )
De Amerikaanse vliegtuigbouwer Boeing wordt bedreigd door hackers, die dreigen "gevoelige data" van het concern openbaar te maken. Het gaat om de groep cybercriminelen die in Nederland de KNVB zou hebben aangevallen.
( 8
min )
Terwijl Nederlanders sinds half oktober de verwarming weer opstoken, stijgen tegelijkertijd de energieprijzen weer na een lange daling. Dit lijkt dus hét moment om voor zekerheid te kiezen, in de vorm van een vast contract. Toch wachten veel consumenten nog af.
( 10
min )
Google heeft Anthropic, een Amerikaans bedrijf dat is gespecialiseerd in kunstmatige intelligentie, omgerekend 1,9 miljard euro aan investeringen beloofd. Het gaat om een lening die later wordt omgezet in aandelen in het bedrijf.
( 9
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Google heeft 2 miljard dollar (1,9 miljard euro) aan investeringen beloofd aan Anthropic, een Amerikaans bedrijf dat is gespecialiseerd in kunstmatige intelligentie (AI). Het gaat om een lening die later wordt omgezet in aandelen in het bedrijf.
( 9
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Het is alweer een jaar geleden dat Elon Musk het gigantische bedrag van 44 miljard dollar neertelde om Twitter te kopen. Inmiddels is er veel veranderd, zoals de naam van de dienst. Ook ziet X het vertrouwen en het aantal gebruikers en adverteerders afnemen.
( 11
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Tijdens de inflatiegolf van de afgelopen jaren heeft een deel van de bedrijven hun winstmarge weten te verhogen. Onder meer in de energiesector en bij vastgoedbedrijven is de winst per product de afgelopen twee jaar gestegen, blijkt uit onderzoeken van Rabobank en het CPB.
( 11
min )
Het is alweer een jaar geleden dat Elon Musk het gigantische bedrag van 44 miljard dollar neertelde om Twitter te kopen. Inmiddels is er veel veranderd, zoals de naam van de dienst. Ook ziet X het vertrouwen en het aantal gebruikers en adverteerders afnemen.
( 11
min )
Tijdens de inflatiegolf van de afgelopen jaren heeft een deel van de bedrijven hun winstmarge weten te verhogen. Onder meer in de energiesector en bij vastgoedbedrijven is de winst per product de afgelopen twee jaar gestegen, blijkt uit onderzoeken van Rabobank en het CPB.
( 11
min )
Ford shares tumbled Friday after the company withdrew its full-year forecast and reported greater losses than expected in its electric vehicle division.
( 33
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Financial markets are bracing for what could be a momentous week, with a Federal Reserve meeting, U.S. employment data and earnings from technology heavyweight Apple Inc possibly setting the course for stocks and bonds the rest of the year. October has lived up to its reputation for volatility, as a surge in Treasury yields and geopolitical uncertainty pressured stocks. The S&P 500 index is down 3.5% for the month, adding to losses that have left it over 10% off its late-July high.
( 34
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Readers respond to articles on Charles Schwab, Change Company, and spinoffs.
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Tom Nides, who started as a vice chairman at Wells Fargo last month, is resigning to focus on the events unfolding in Israel.
Nides, the U.S. ambassador to Israel until this summer, [joined the San Francisco bank](https://www.wsj.com/li
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The S&P 500 dropped 0.5% on Oct. 27, 2023, falling into correction territory as mixed earnings reports raised new concerns about a potential recession.
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All eyes are on the Federal Reserve’s Wednesday meeting for hints about whether interest rates on all kinds of loans will remain at their highest in decades—or if they’ll go even higher.
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
( 21
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Solar power stocks tumbled after Enphase Energy missed sales and profit estimates and warned that current quarter revenue will be well below forecasts.
( 19
min )
(Bloomberg) -- The VIX is at 20, stocks are on the brink of their worst October in five years, and every other day the bond market throws a fit.Most Read from BloombergHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingIsrael Latest: Army ‘Expanding’ Ground Activity in Gaza StripEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventUS Military Attacks Two Syrian Facilities It Says Are Linked to IranFor equity bulls conditioned to dive in at any sign of wea
( 34
min )
The last few trading sessions have been harsh, showing sudden, steep losses after some Big Tech earnings reports failed to impress investors. These losses, along with the shift in sentiment, threaten to undermine the generally positive market outlook that was established during the strong bullish run earlier this year. At the same time, not every stock sector is performing poorly. Tom Lee, who is monitoring the situation from Fundstrat, sees evidence that industrial stocks are gearing up for a s
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Shares of ExxonMobil and Chevron fell Friday after they reported third-quarter results, which highlighted why each made recent large acquisitions to boost their U.S. output.
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Intel shares jumped Friday after the tech company’s third-quarter earnings beat estimates, in part driven by gains in its foundry business and surging interest in artificial intelligence, as well as signs of a recovery in the PC market.
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Expensify’s David Barrett says his lounge flopped, and workers in offices “are likely going because they feel pressured to (either by their boss or their peers).”
( 35
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FTX founder Sam Bankman-Fried testified Friday that he repeatedly asked former Alameda Research executives including former CEO Caroline Ellison to hedge the crypto trading firm’s risks. Hedging is a way to reduce the risks of an investment by buying or selling another asset.
Since late 2021, Bankm
( 22
min )
(Bloomberg) -- Gold surged above $2,000 an ounce for the first time since May as concerns over conflict in the Middle East outweigh the impact of the recent jump in bond yields.Most Read from BloombergIsrael Latest: Iranian Minister Warns US Over Support of IsraelHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventS&P 500 Extends Slide From Its July Peak to 10%: Markets WrapSpot gold rose as much as 1.2%
( 34
min )
Ford, General Motors and Mercedes-Benz all responded to concerns over waning demand for electric vehicles this week, as automakers navigate the EV push.
( 35
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The billionaire Haslam family says in a lawsuit that Warren Buffett and Berkshire Hathaway are trying to artificially depress the price the company is obligated to pay for the family's remaining 20% stake in the Pilot Travel Centers truck stop chain that Jim Haslam found. Berkshire has paid nearly $11 billion since 2017 for the first 80% of Pilot. Berkshire changed the accounting practices at Pilot this year after it acquired control of the company.
( 35
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FTX founder Sam Bankman-Fried testified Friday that he invested in the cryptocurrency solana at prices starting 20 cents per token.
Bankman-Fried said he believes the money he used to fund the investment came from Alameda Research’s operating profits or third-party loans. The token, which is tradin
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The French payments company cut its financial forecasts on Wednesday, hitting shares of PayPal and Block.
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Treasury bonds are offering the highest yields in 16 years. There are two main avenues you can use to lock in a nearly risk-free 5% return.
( 34
min )
United States Steel forecast a steady profit next year, jumping out with an unusually detailed outlook for 2024 as the company evaluates multiple bids for its business.
CEO David Burritt said Fri
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UPS stock has dropped as investors weighed the impact of higher wages on its earnings.
( 22
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United States Steel Corp. CEO David Burritt said the board was sorting through multiple opportunities in its strategic alternatives review, which has taken up the past three months behind the scenes at the Pittsburgh-based steelmaker.
( 21
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Investors have had little to cheer about recently as the markets have struggled to shake off the grip of various factors pulling them down. These factors include the prospect of interest rates remaining elevated, concerns related to high yield bonds, an uptick in oil prices, and the ongoing conflict between Israel and the terrorist organization Hamas, all of which have played a role in dampening market activity. However, for investors seeking signs that the mood is about to change, Bank of Ameri
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If you bought I bonds when they were paying 9.62% last year, it may be smart to cash out, now that I bond rates have fallen. For some, the perfect withdrawal date is Nov. 2.
( 22
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Ken Griffin, founder and CEO of hedge fund firm Citadel, is making headlines in the real estate world again. The Florida native continues to purchase homes and land in Palm Beach as he prepares to build one of the most expensive residences in the world. In 2019, Griffin made history by purchasing a New York City penthouse for $238 million — at the time the most expensive residential property transaction in the United States. Don’t Miss: You can now partially own mansions with $99. Join the ranks
( 33
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Intel’s upbeat outlook contains good news for Nvidia, AMD, and ON Semi.
( 22
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When I retired in September 2022, my 401(k) was invested aggressively (90/10 split between stocks to bonds) and lost approximately 30%. I left the 401(k) invested in mutual funds in hopes it would gain back some of the losses. A year later it has gained back approximately 20%. I'm not required to take RMDs for […] The post Ask an Advisor: I’m 5 Years Away From RMDs But Recently Lost 30% of My 401(k). Should I Stay Aggressive to Regain My Losses or Rebalance? appeared first on SmartReads by Smart
( 35
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(Bloomberg) -- Chevron Corp.’s post-earnings selloff shrank the value of its all-stock offer for Hess Corp. by roughly $6.5 billion.Most Read from BloombergHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaUS Military Attacks Two Syrian Facilities It Says Linked to IranChina, US Release Dueling Videos With Accusations of ProvocationChevron slumped as much as 5.9% on Friday after posting a massive 66-cent pe
( 33
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The US dollar initially shot above the ¥150 level during the course of the week, but then gave back gains to show signs of hesitation.
( 33
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Enphase Energy (ENPH) stock tumbled, another sign of trouble in the solar business and the broader clean-energy industry.
Late Thursday, Enphase, which makes solar inverters and batteries, projected revenue for the current quarter that fell well below
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Roblox upgraded, Bristol Myers downgraded: Wall Street's top analyst calls
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Charter stock was dropping after revenue came in light. Disney standoff was a problem, too.
( 19
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Chris Watling, founder and CEO of Longview Economics, believes the U.S. economy is headed for “tough times.”
( 33
min )
Mortgage REITS often have high dividends but can be vulnerable to swings in interest rates.
( 31
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(Bloomberg) -- The Federal Reserve’s preferred measure of underlying inflation accelerated to a four-month high in September and consumer spending picked up, keeping the door open to another interest-rate hike in the months ahead.Most Read from BloombergChina’s Ex-Premier Li Keqiang, a Reformer Sidelined by Xi, DiesHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaTech Giants Signal Rebound as Amazon, Intel
( 34
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An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Friday’s report from the Commerce Department showed that prices rose 0.4% from August to September, the same as the previous month. September’s month-to-month price increase exceeds a pace consistent with the Fed’s 2% annual inflation target, and it compounds already higher costs for such necessities as rent, food and gas.
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Exxon Mobil raised its dividend and said it was benefiting from high refining throughput and crude oil prices. However, Wall Street fears that the oil major’s growth plan carries risks.
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The upbeat results at the investment manager reflect the strong rebound in markets this year, bolstered by expectations that the Federal Reserve can engineer a soft landing — a scenario where growth slows enough to get inflation under control, without a recession. Total assets under management at the end of the quarter was $1.35 billion, up 9.5% over the year earlier. Investment advisory fees were up 1.5% at $1.46 billion in the quarter, T. Rowe said.
( 33
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AbbVie raises its earnings guidance for fiscal 2023.
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The impact of changes in Rivian's stock price on Amazon's earnings is getting smaller.
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( 33
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Exxon Mobil raised its dividend and said it was benefiting from high refining throughput and crude oil prices. However, Wall Street fears that the oil major’s growth plan carries risks
( 27
min )
U.S. Steel reported third quarter Ebitda of $578 million. Wall Street was looking for $554 million.
( 23
min )
The reverse stock split will take place just one day before a Nasdaq deadline to raise its share price above a $1 threshold.
( 20
min )
(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and his family intend to sell 1 million of the lender’s shares for financial diversification and tax-planning purposes.Most Read from BloombergChina’s Ex-Premier Li Keqiang, a Reformer Sidelined by Xi, DiesIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingChina, US Release D
( 33
min )
Apple faces a potential import ban on certain models of its smartwatch.
( 21
min )
Chevron’s third-quarter earnings fall well short of Wall Street estimates but revenue beats expectations.
( 23
min )
Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered. Earnings at the largest U.S. oil producer have benefited from strong crude oil prices and demand for gasoline and diesel following the pandemic. Third quarter profit was $2.25 a share compared to $4.68 in the same quarter a year ago when oil and gas prices climbed following Russia's invasion of Ukraine.
( 33
min )
(Bloomberg) -- Exxon Mobil Corp. boosted dividends more than expected and posted a surprise cash flow increase, reaping the benefits of strengthening crude prices and US oil-refining margins.Most Read from BloombergChina’s Ex-Premier Li Keqiang, a Reformer Sidelined by Xi, DiesIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingChina, US Release D
( 34
min )
Chevron on Friday reported a fall in third-quarter profit despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess Corp for $53 billion. The oil major posted a net profit of $6.5 billion, or $3.48 per share, compared to $11.2 billion or $5.78 per share, in the same period last year.
( 32
min )
Sam Bankman-Fried is expected to take the stand on Friday at his fraud trial in New York on charges of looting billions of dollars in customer funds from his now-bankrupt FTX cryptocurrency exchange. Bankman-Fried started testifying on Wednesday at an unusual hearing outside the jury's presence. U.S. District Judge Lewis Kaplan asked him to preview his testimony about the involvement of lawyers in key decisions at the heart of the case so he could decide whether it was admissible as evidence.
( 33
min )
Many people in the upper middle class are now millionaires thanks to college, savings, bull markets and timing.
( 27
min )
(Bloomberg) -- The S&P 500 is at risk of dropping another 5% after the index fell below a key technical level this week, according to Bank of America Corp.’s Michael Hartnett.Most Read from BloombergChina’s Ex-Premier Li Keqiang, a Reformer Sidelined by Xi, DiesIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingControversial Chip in Huawei Phone
( 34
min )
The move makes Sanofi the latest drugmaker to sharpen its focus on prescription medicines by offloading adjacent businesses.
( 29
min )
Soaring demand for obesity drugs was in the spotlight at the world's largest trade show for the pharmaceutical services industry this week, as it fuels a boom for firms that fill and assemble the self-injection pens. A surge in sales of Novo Nordisk's drug Wegovy, which launched in the United States in mid-2021, has propelled the Danish drugmaker to become Europe's most valuable company. U.S. rival Eli Lilly has become the world's most valuable healthcare firm this year as demand for its diabetes drug Mounjaro surges ahead of approval for its use as a weight-loss treatment in the United States, expected by the end of this year.
( 34
min )
Air France-KLM said strong demand for air travel during the summer pushed revenue and profit higher in the third quarter, but not enough to meet forecasts as the group grapples with lingering inflation and high fuel prices.
( 27
min )
Treasury bonds have had one of their worst three-year stretches on record. Why it can’t get much worse.
( 47
min )
(Bloomberg) -- In the race to rebound from a two-year slowdown in spending on cloud computing, Microsoft Corp. is pulling ahead of its chief rivals, Amazon.com Inc. and Google. Most Read from BloombergLi Keqiang, China’s Second-Most Powerful Man for a Decade, Dies at 68Tech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fa
( 36
min )
(Bloomberg) -- Embattled debt investors like the look of 5% Treasury yields as they weigh the risk-versus-reward scales for the world’s biggest bond market.Most Read from BloombergChina’s Ex-Premier Li Keqiang, a Reformer Sidelined by Xi, DiesIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingControversial Chip in Huawei Phone Produced on ASML Ma
( 34
min )
(Bloomberg) -- Another 10% decline in a major Chinese equity gauge may trigger a wave of selling in index futures tied to structured products, adding fresh risks to the slumping stock market. Most Read from BloombergTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Israel Says Key Planner of Oct. 7 Attacks KilledUPenn Fights Back Against Billionair
( 34
min )
"Substitute algorithms for Joe Camel," says Fordham Law School professor Kenneth Rashbaum.
( 37
min )
The Q3 earnings season is in full swing, and we’ve already seen the first wave of big tech results. Investors were not thrilled; Google parent Alphabet reported a slowdown in cloud revenues, and the stock market fell sharply on sentiment that Q3 earnings may not be as pretty as predicted. But the outlook is less cloudy for the coming year. In a recent note on current and coming conditions, investment bank Morgan Stanley notes that growth is expected to jump heading into next year: “For 3Q, conse
( 37
min )
The best way to grow your financial advisory business quickly is to amp up the 'know,' the 'like' and the 'trust' factors.
( 20
min )
The United Nations formed an advisory body to support greater international cooperation on the governance of artificial intelligence.
( 17
min )
Charter Communications' revenue missed forecasts after a fee dispute with Walt Disney that led to the temporary blackout of Disney channels on Charter's cable system.
( 17
min )
Wrap accounts—where brokerage account costs are "wrapped" into a single or fixed fee—are great if you wish to have a money manager take care of your assets. Charges are on a flat, quarterly, or annual basis, and cover administrative, research, advisory and management expenses.
( 20
min )
The S&P 500 dropped 0.5% on Oct. 27, 2023, falling into correction territory as mixed earnings reports raised new concerns about a potential recession.
( 17
min )
A loan officer is a representative of a bank, credit union, or other financial institution who assists borrowers in the process of applying for loans.
( 22
min )
All eyes are on the Federal Reserve’s Wednesday meeting for hints about whether interest rates on all kinds of loans will remain at their highest in decades—or if they’ll go even higher.
( 18
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
( 19
min )
Solar power stocks tumbled after Enphase Energy missed sales and profit estimates and warned that current quarter revenue will be well below forecasts.
( 17
min )
Intel shares jumped Friday after the tech company’s third-quarter earnings beat estimates, in part driven by gains in its foundry business and surging interest in artificial intelligence, as well as signs of a recovery in the PC market.
( 18
min )
When you give a donor-advised fund (DAF), you are setting your recipient up with financial resources to make a lasting charitable impact.
( 29
min )
Shares of ExxonMobil and Chevron fell Friday after they reported third-quarter results, which highlighted why each made recent large acquisitions to boost their U.S. output.
( 20
min )
When the federal government calculates how much SSI you will receive, they take into account your living arrangements.
( 25
min )
A gift in trust is an indirect way to give assets to a beneficiary and avoids the tax on gifts that exceed the annual gift tax exclusion.
( 23
min )
Ford shares tumbled Friday after third-quarter earnings fell short of estimates amid concerns about costs tied to the transition to electric vehicles and the automaker's tentative agreement with the United Auto Workers union.
( 18
min )
Shares of e-commerce giant Amazon soared Friday after a solid earnings beat, which helped lift the Nasdaq index from recent declines.
( 17
min )
Market sentiment reflects the overall attitude or tone of investors toward a particular security or larger financial market.
( 23
min )
The Supreme Court blocked the Biden-Harris administration's one-time student loan forgiveness plan. Is loan forgiveness off the table? New relief plans give a new avenue.
( 25
min )
An ether futures ETF tracks the price of ether using derivatives contracts.
( 28
min )
A spot bitcoin ETF would hold actual bitcoins and track its movement for investors.
( 25
min )
A soft loan is financing with no interest or a below-market rate of interest and lenient terms that is often offered to developing countries.
( 23
min )
Ether futures ETFs enable investors to speculate on the value of the cryptocurrency through their brokerage accounts.
( 21
min )
Bond ETFs Offer Easy, Diversified Exposure to Fixed-Income Markets, but Increasing Interest Rates Can Send Their Prices Down
( 23
min )
An in-depth look at cryptocurrency ETFs, their market implications, and the opportunities and risks they present.
( 22
min )
If you're not sure what gift taxes are, read on and we'll explain.
( 25
min )
Investopedia’s updated special edition print Retirement Guide explores where to retire, wealth-building strategies for every age, and how to make your money last.
( 17
min )
Chevron shares fell after the energy giant posted worse-than-expected earnings on lower oil prices and higher costs.
( 17
min )
ExxonMobil profit fell sharply from last year's all-time high on drops in oil and natural gas price realizations.
( 17
min )
U.S. equities were mixed at midday on Friday, Oct. 27, 2023, as the tech sector got a lift from Amazon, which beat profit and sales estimates.
( 16
min )
A home equity loan affects your eligibility for college financial aid, depending on the assessment tool that your chosen college uses.
( 24
min )
Both ABLE accounts and special needs trusts (SNTs) give people with disabilities a way to save money tax-free, but there are important differences.
( 28
min )
If the numbers on your receipts got bigger, and your bank account balance got smaller in September, you’re not alone, according to a monthly government report.
( 20
min )
Although 30-year mortgage rates edged higher, the climb was slight and the 30-year average is holding its ground in a range cheaper than last week's historic peak.
( 19
min )
If you bought I bonds when they were paying 9.62% last year, it may be smart to cash out, now that I bond rates have fallen. For some, the perfect withdrawal date is Nov. 2.
( 20
min )
We surveyed 962 existing and potential personal loan borrowers, and more people said they sought a personal loan for debt consolidation than for any other purpose.
( 20
min )
Not all 401(k) funds are created equal. In this guide, we’ll explain how to compare them.
( 24
min )
Form W-4 determines how much tax your employer will withhold from your paycheck, so ensure it is filled out correctly.
( 26
min )
Form W-9 is an Internal Revenue Service form which is used to confirm a person's taxpayer identification number (TIN).
( 34
min )
See whether you qualify for a refundable tax credit to help pay for health insurance premiums—and what you need to do to obtain it.
( 28
min )
Some home equity loans have fees for early repayment. In this guide, we'll explain what that means for you.
( 23
min )
Social Security provides benefits to retirees, survivors, and disabled workers. How much you receive depends on your age and income. Learn how Social Security works.
( 30
min )
From stimulus checks to quantitative easing, here’s what governments and central banks are doing around the world to provide stimulus and relief.
( 90
min )
Investors seeking a virtuous approach should consider a socially responsible exchange-traded fund (ETFs).
( 22
min )
Should you invest in a certificate of deposit or an exchange-traded fund? In this guide, we'll take you through both options.
( 25
min )
Het kabinet verhoogt het minimumloon en de uitkeringen op Bonaire, Sint-Eustatius en Saba. Vooral voor Bonaire is dat goed nieuws. Daar is het minimumloon nu 1.236 Amerikaanse dollar (1.169 euro). Het nieuwe minimumloon wordt 1.750 dollar (1.654 euro).
( 10
min )
Ook nu de coronapandemie voorbij is, werken veel Nederlanders nog regelmatig vanuit huis. Ongeveer een derde van de werkenden werkt gemiddeld zo’n 6,8 uur per week thuis. Op ons discussieplatform NUjij deelden veel lezers hun ervaringen.
( 10
min )
De NS plaatst meer statiegeldautomaten op de vijf treinstations waar al inleverautomaten staan. Op dit moment staan er twaalf van zulke automaten op de centrale stations van de vier grote steden en Eindhoven Centraal. Dat worden er zeventien.
( 9
min )
Sam Bankman-Fried, de van fraude verdachte oprichter van de failliete cryptobeurs FTX, heeft voor het eerst zijn verhaal gedaan. Hij probeerde de rechter ervan te overtuigen dat advocaten nauw betrokken waren bij de beslissingen die hebben geleid tot de ondergang van FTX.
( 9
min )
Een deel van de failliete elektronicaketen BCC komt waarschijnlijk in handen van MediaMarkt. Het concern wil acht van de in totaal bijna zestig BCC-winkels overnemen, meldt toezichthouder ACM.
( 8
min )
De verkoop van nieuwe bestelbusjes is flink aangetrokken. De afgelopen negen maanden zijn er in Nederland bijna 54.000 exemplaren verkocht, ruim 20 procent meer dan een jaar eerder.
( 9
min )
Een Indonesisch passagiersvliegtuig heeft vrijdag voor het eerst op een brandstofmengsel van kerosine en palmolie gevlogen. Indonesië is de grootste palmolieproducent ter wereld en wil fossiele brandstoffen vaker gaan vervangen door biobrandstof.
( 8
min )
Veel op vrouwen gerichte producten zouden duurder zijn dan vergelijkbare artikelen voor mannen, is de overtuiging bij het fenomeen pink tax. Zo wordt algemeen aangenomen dat vrouwen meer betalen voor scheermesjes, scheergels en doucheproducten dan mannen. Maar geregeld is juist het omgekeerde het geval.
( 11
min )
De verpakkingsvrije online supermarkt Pieter Pot doet een nieuwe poging om zijn geldproblemen op te lossen. Klanten kunnen een deel van het bedrijf kopen. De super hoopt daarmee 3 miljoen euro op te halen.
( 10
min )
Air France-KLM heeft afgelopen zomer zijn beste kwartaal ooit beleefd. De vraag naar vliegtickets was groot en de vliegtuigen zaten voller. Dat leverde het bedrijf een operationele winst van 1,3 miljard euro op.
( 10
min )
Tesla heeft de recente prijsverlaging in China weer teruggedraaid. De Amerikaanse elektrische autofabrikant, die een grote fabriek heeft in Shanghai, verhoogde de prijs van zijn Model Y Performance SUV met ongeveer 2.000 dollar (zo'n 1.900 euro). De prijsverlaging van augustus werd daarmee weer ongedaan gemaakt.
( 3
min )
Veel op vrouwen gerichte producten zouden duurder zijn dan vergelijkbare artikelen voor mannen, is de overtuiging bij het fenomeen pink tax. Zo wordt algemeen aangenomen dat vrouwen meer betalen voor scheermesjes, scheergels en doucheproducten dan mannen. Maar geregeld is juist het omgekeerde het geval.
( 11
min )
(Bloomberg) -- Shares of solar equipment-maker Enphase Energy Inc. slumped after the company reported lower revenue amid a “substantial” drop in US and European demand that will likely last into next year.Most Read from BloombergTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Israel Says Key Planner of Oct. 7 Attacks KilledWhat Happened Inside Mo
( 33
min )
(Bloomberg) -- Intel Corp. surged in late trading after predicting a return to sales growth in the fourth quarter, fueled by an improving personal computer market and a more competitive product line. Most Read from BloombergLi Keqiang, China’s Second-Most Powerful Man for a Decade, Dies at 68Tech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapIsrael Latest: Rocket Hits Egyptian Town; Oct. 7 Planner KilledControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4
( 35
min )
Floridians are grappling with a severe insurance crisis exacerbated by policy decisions from the DeSantis administration, according to a recent report from the American Federation of Teachers (AFT). The union, which advocates for fairness, democracy and quality public education, found that homeowner insurance rates in the Sunshine State are nearly triple the national average. "Floridians are getting absolutely crushed by insurance rate hikes," an industry analyst said, pointing to an urgent need
( 33
min )
(Bloomberg) -- Warren Buffett’s Berkshire Hathaway faces accusations it violated the terms of a more than $10 billion acquisition of truck-stop-chain Pilot Travel Centers by changing the accounting methods used to value part of the deal, according to an unsealed lawsuit. Most Read from BloombergQQQ Rally Wanes as Amazon Whipsaws After Earnings: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Isra
( 34
min )
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
( 21
min )
Enphase Energy predicted fourth-quarter sales of $300 million to $350 million, while analysts had expected $579 million.
( 20
min )
(Bloomberg) -- Vale SA said it will reward investors with payouts and a new share buyback program as the Brazilian iron ore and nickel giant vies to appease shareholders concerned by softening Chinese demand.Most Read from BloombergChina’s Ex-Premier Li Keqiang, a Reformer Sidelined by Xi, DiesIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingCo
( 34
min )
(Bloomberg) -- Sam Bankman-Fried, on trial for fraud in New York, isn’t the only crypto founder feeling the heat. Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineS&P 500 Falls to Lowest Since May as Tech Gets Hit: Markets WrapUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Apple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesWhat Happened Inside Morgan Stanley After Ted Pick Was Named CEOThe Bloomberg Billionaires Index
( 33
min )
Profits a year ago befitted from high prices due to the war in Ukraine.
( 24
min )
Intel reported revenue of $14.2 billion, ahead of Wall Street's $13.6 billion estimate.
( 21
min )
Warren Buffett's Berkshire Hathaway sold its stakes in Wells Fargo, Goldman Sachs, and other banks before their stocks slumped this year.
( 34
min )
Intel forecast fourth-quarter revenue above Wall Street estimates on Thursday, optimistic of a healthy rebound in client orders for its chips after a several-quarters-long inventory buildup in the PC market eased. The company forecast adjusted current-quarter revenue in the range of about $14.6 billion to $15.6 billion, compared with an estimate of $14.35 billion, according to LSEG data.
( 31
min )
(Bloomberg) -- Momentum has turned in tech stocks and investors awakening from dreams of artificial-intelligence nirvana are back to a less grandiose concern: When will the selling stop?Most Read from BloombergQQQ Rally Wanes as Amazon Whipsaws After Earnings: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Israel Says Key Planner of Oct. 7 Attacks KilledWhat Happened Inside Morgan Stanley After
( 36
min )
FTX founder Sam Bankman-Fried testified that former chief regulatory officer, Daniel Friedberg, was responsible for setting up the bank account that routed FTX customer deposits to sister hedge fund Alameda Research.
Friedberg worked with law firm Fenwick & West to draft the incorporation documents
( 22
min )
Disappointment over tech earnings, high bond yields, and concern about the outlook for the price of oil are all hitting stocks.
( 25
min )
Siemens Energy stock plunged on concerns about its wind business, Siemens Gamesa. GE stock was largely unaffected, but investors should keep an eye on developments at GE’s wind power peer.
( 27
min )
The Biden Administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.
( 34
min )
Mortgage rates have been steadily climbing to highs not seen in over 20 years, and now a trend from the 1980s as reemerged. More buyers are seeking assumable loans.
( 33
min )
(Bloomberg) -- The rout in US stocks has brought the S&P 500 Index to a crucial inflection point. It’s teetering near a correction after breaching 4,200 for the first time since May — a key technical level that may point to a longer-term selloff.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021S&P 500 Declines 1% as US St
( 35
min )
"Most Boomers locked in low mortgage rates,” the bank said. “The only group that took out mortgage debt meaningfully since 2021 is Millennials, seeing a 20% jump.”
( 35
min )
Apple. Microsoft, Nvidia, Tesla, Meta, Alphabet, and Amazon are all sliding Thursday.
( 19
min )
More than a dozen witnesses have taken the stand to testify against Sam Bankman-Fried over the past three weeks. One by one, they have built on each others’ testimony, painting to the jury a picture of a crypto executive who lied to lenders and investors, doctored balance sheets and spent billions i
( 25
min )
The agreement gives workers a 25% raise over the course of the contract and puts pressure on its Detroit rivals.
( 30
min )
Investor Warren Buffett joined the recent oil-buying spree in the market this week by resuming Berkshire Hathaway's purchases of Occidental Petroleum stock for the first time in four months. Buffett's company said in a Securities and Exchange Commission filing late Wednesday that it invested more than $246 million to add to its already massive Occidental stake over the first three days of this week. Berkshire bought nearly 4 million more shares of the Houston-based oil producer to give it more than 228 million shares and control of nearly 26% of Occidental.
( 34
min )
Mercedes has said electric car makers face a “brutal” market as competitors slash their prices and wealthy customers tighten their belts.
( 32
min )
I’m 77 years old and I requested my 401(k) fund administrator to prepare my RMD. I was told I do not have to withdraw my money if I am still employed. Please confirm if this in fact an IRS rule or that of the fund management company? -Bea That is correct, Bea. If you are […] The post Ask an Advisor: I’m 77 and Still Working. Is it True That I Don’t Have to Take RMDs? appeared first on SmartReads by SmartAsset.
( 34
min )
French video game producer Ubisoft confirmed on Thursday its guidance for the current financial year, as the company expressed confidence in its line-up after it beat its net booking estimate for the second quarter. Ubisoft, which has been dogged by game cancellations and delays, reiterated its forecast of a full-year non-IFRS operating income around 400 million euros, without releasing the other large game it had initially planned to launch during the last quarter of the current fiscal year.
( 33
min )
PayPal and Block's stock reaction after a macroeconomic warning from France's Worldine shows how fear has gripped the payments sector.
( 31
min )
Amazon.com shares edged lower ahead of the e-commerce giant’s quarterly results, set for release after the close.
Amazon will be the latest of the “Magnificent Seven”—the Big Tech firms that have driven
( 24
min )
Microsoft upgraded, F5 Networks downgraded: Wall Street's top analyst calls
( 35
min )
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( 15
min )
(Bloomberg) -- Hertz Global Holdings Inc. earnings missed estimates amid headwinds from Tesla Inc. price cuts and the high price of repairs for electric vehicles.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesIsrael Is Losing Support as Fury Grows Over Its Strikes on GazaWhat Happened Inside Morgan Stanley After Ted Pick Was Named CEOTrump Ally Mike Johnson Elected House Speaker, S
( 34
min )
Comcast’s theme-park division did fine, but the company lost broadband customers.
( 16
min )
Berkshire Hathaway bought 3.9 million shares of the petroleum company earlier in the week, bringing the total value of its stake to $14.5 billion.
( 16
min )
Exxon Mobil's $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources may have been larger than Chevron's $53 billion agreement to buy Hess, but it is Chevron that is paying a loftier price tag. Pioneer generates twice as much annual cash as Hess, but the all-stock transactions value Pioneer at just 6.35 times its 12-month cash flow compared with 11.65 times for Hess.
( 33
min )
The economy grew 4.9% in the third quarter despite high interest rates, inflation as consumer spending surged. Some economists still predict recession
( 35
min )
PayPal and Block's stock reaction after a macroeconomic warning from France's Worldine shows how fear has gripped the payments sector.
( 26
min )
Shares in Siemens Energy crashed to record lows after the energy-technology giant said it was talking to the German government and banks about guarantees to back long-term projects.
The stock fell as much as 39% in Frankfurt, hitting the lowest levels since it was spun off as a public company in 20
( 23
min )
Ford stock will react not just to the earnings, but to what the company says about the impact of a potentail deal with its striking auto workers.
( 19
min )
The Marlboro maker has been hiking prices of its traditional products to offset volume declines as many consumers, wary of health risks, opt for new options like vapes or oral nicotine. But price increases have caused Altria to lose further ground to cheaper cigarettes such as USA Gold, as inflation-weary consumers try to conserve cash. Marlboro's retail share of the total cigarette category decreased by 0.3 share points compared to a year ago, the company said.
( 33
min )
Bristol Myers reports third-quarter earnings of $2 a share on revenue of $10.97 billion.
( 15
min )
With $1 million in a 401(k) and no mortgage on a $500,000 home, retirement at 60 may, in fact, be possible. However, retiring before eligibility for Social Security and Medicare mean relying more on savings. So deciding to retire at 60 calls for careful planning around healthcare, taxes and more. At any age, deciding whether […] The post My Wife and I Have $1 Million in a 401(k) and Fully Own a $500k Home. Can I Retire in 5 Years at 60? appeared first on SmartReads by SmartAsset.
( 35
min )
Altria, the maker of Marlboro cigarettes posts third-quarter adjusted earnings of $1.28 a share, 1 cent short of Wall Street’s expectations.
( 13
min )
Comcast on Thursday posted quarterly revenue that topped Wall Street estimates, bolstered by strong performance in streaming and theme parks, but also reported a surprise loss in broadband customers. Comcast lost 18,000 broadband customers in the quarter, as it faces more competition from wireless carriers such as Verizon and T-Mobile, which offer broadband. In its third set of results under a new reporting structure that includes NBCUniversal in the content and experiences segment, Comcast reported a .8% increase in revenue in the unit to $10.56 billion in the quarter.
( 33
min )
U.S. defense company Northrop Grumman on Thursday raised its annual revenue target for the second time this year after reporting a jump in third-quarter revenue and profit helped by strong weapons demand. The tense geopolitical landscape has created a strong global appetite for U.S. weaponry, with nations actively engaged in negotiations and striking deals to acquire arms and looking to speed up ongoing contracts. Increased defense spending by the U.S. and its allies benefited Northrop's topline.
( 33
min )
Last month, Southwest Airlines raised concerns about rising fuel costs and weaker leisure bookings in August, citing seasonality trends. The company's total expenses rose 10% to $6.41 billion in the quarter, partly attributable to higher labor rates for all employee workgroups, according to Southwest. "As we move into 2024, we are slowing our available seat miles growth rate to absorb current capacity ... and optimize schedules to current travel patterns," Southwest Airlines CEO Bob Jordan said on Thursday.
( 33
min )
United Parcel Service (UPS) cut its sales outlook after revenue slipped in the third quarter because of a slowdown in global demand for shipping.
Its stock dropped 3.5% to under $142 in premarket trading. Shares were already down more than 15% this
( 23
min )
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( 32
min )
Siemens Energy shares lost almost a third of their value after the company said losses at its wind-turbine business in fiscal 2024 would be worse than current market expectations, as it works through quality issues and ramp-up challenges in offshore.
( 26
min )
Sifting through the flood of data generated by the stock markets is a daunting task – but Wall Street’s professional stock analysts are up to it. They’ve made careers, and reputations, by finding the golden nuggets in the data stream, the stocks that are ready for gains and are showing solid returns. The Street’s best analysts, who have compiled enviable records of success in recommending stocks to buy or avoid, bring analytical minds and deep experience to their calls – and investors would be w
( 37
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Shares skidded Thursday in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold. The gap between the minus 0.1% Japanese benchmark rate and much higher rates in the U.S. and elsewhere has driven the dollar's value sharply higher against the yen.
( 35
min )
Amazon.com reported earnings after the close on Thursday. Wall Street sees Amazon Web Services revenue improving 12.9% in the quarter to $23.2 billion.
( 19
min )
Mercedes-Benz reported a 7% drop in third-quarter underlying earnings and weaker revenue, as lower passenger car sales and increased tech investments weighed.
( 26
min )
On the prowl for villains, Beijing expands real-estate probe to financial institutions.
( 30
min )
(Bloomberg) -- The United Auto Workers reached a tentative labor agreement with Ford Motor Co., people familiar with the negotiations said. The breakthrough puts pressure on the carmaker’s two chief rivals — which are set to meet with the union Thursday — to reach deals and end a protracted strike that has cost the industry billions of dollars.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachinePost-Earnings Meta Rally Fails to Prop Up QQQ: Markets WrapTrump Signal
( 34
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For most of this year, investor sentiment was high, and the markets were on an upward tear. But that sputtered to a halt at the end of the summer, and this fall has seen a pullback in the main indexes. We’re still up for the year-to-date, but not by as much as we were in July. At this writing, the S&P 500’s year-to-date gain is 9%, and the NASDAQ’s is 22%. It is most accurate to say that current conditions are volatile and unsettled. Both the bulls and bears can find plenty of evidence and prece
( 37
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Intel's earnings fell but came in well ahead of expectations, which the company attributed to strong operating leverage and expense discipline.
( 18
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
( 19
min )
Gross profit is the profit a company makes after deducting the costs of making and selling its products or the costs of its services.
( 27
min )
Comparing Bitcoin vs. Ethereum shows that ether's surging popularity has made it a potent competitor token to bitcoin, even with less market cap and volume.
( 24
min )
Amazon's profit more than tripled, outpacing analysts' estimates, as a burgeoning ad sales business grew 26%.
( 17
min )
The United Auto Workers strike against Ford (F), General Motors (GM), and Stellantis (STLA), threatens to complicate the Big Three automakers' already-difficult transition to electric vehicles (EVs).
( 19
min )
A cost-of-living adjustment (COLA) is made to Social Security and Supplemental Security Income to adjust benefits to counteract the effects of inflation.
( 25
min )
The S&P 500 fell 1.2% on Thursday, Oct. 26, 2023, following weak corporate earnings and warnings from companies about full-year sales.
( 16
min )
Stellantis said it would invest $1.6 billion in China's Leapmotor to raise its presence in the world's largest electric vehicle market.
( 17
min )
Loan officers and mortgage brokers can help secure a home loan, but there are differences.
( 22
min )
Revenue at Bristol Myers Squibb declined as competition from generics captured some of the sales of its popular blood cancer drug, Revlimid.
( 17
min )
Nonce means a number added to a hashed, or encrypted, block in blockchain that, when rehashed, meets prescribed difficulty-level restrictions, underpinning security.
( 23
min )
Be prepared to spend more on your Halloween costume this year, as inflation is making your favorite Halloween staples more expensive, according to an analysis of data from the National Retail Federation by Investopedia.
( 18
min )
You must live in a house to have a reverse mortgage on it. In this guide, we’ll explain the rules.
( 25
min )
Find out the history behind the controversial FICA cap on wages.
( 24
min )
Merck's profit and revenue beat estimates as sales of its drugs for cancer and COVID-19, along with its HPV shot, were higher than expected.
( 17
min )
Substantial gainful activity (SGA) marks the salary threshold used by the Social Security Administration to determine eligibility for disability benefits.
( 23
min )
Chinese EV maker Xpeng plans to launch its Navigation Guided Pilot in the EU by the end of 2024, and expand the service to 50 cities in China.
( 17
min )
Shares of Meta Platforms (META) fell sharply Thursday after the company's executives said fourth-quarter performance could be impacted by macroeconomic and geopolitical uncertainty, including the outbreak of conflict in the Middle East.
( 18
min )
They measure different things but inflation and cost of living are inextricably linked. Here's how they interact.
( 27
min )
The National Labor Relations Board issued a rule Thursday that expands the definition of “joint employer,” making it more likely that a company will be legally considered the employer of people that work for them through contractors, staffing agencies, franchises, or other arrangements.
( 18
min )
If you are caring for a disabled child, you have a wide range of federal and state benefits available to you.
( 26
min )
Through these regulations, the Reserve Bank of India steers India's banking sector away from risk and toward its goals for India's economy and society.
( 25
min )
U.S. equities dropped at midday on Thursday, Oct. 26, 2023 after weak earnings news and corporate warnings.
( 16
min )
Adjustable rate mortgages (ARMs) now make up 16% of all mortgage value, and applications for them jumped to more than 9% as homebuyers seek ways to afford mortgage payments with rising interest rates.
( 19
min )
Shares of Mattel and Hasbro plunged as both toymakers warned of soft holiday sales.
( 18
min )
Despite the unexpected uptick, home sales are still down since last year—and may remain that way for the rest of 2023.
( 17
min )
Southwest Airlines shares lost ground after reporting profit tumbled as the carrier faced higher fuel and labor costs.
( 17
min )
Rates on 30-year mortgages gave up a minimal basis point, keeping them at their lowest level in more than a week. Many other averages were also relatively unchanged.
( 19
min )
Aircraft sales drove up durable goods orders by 4.7% in September, far ahead of economist expectations for a 2% increase, and reversing two straight months of decline.
( 19
min )
UPS shares tumbled after the delivery company reported revenue and profit declined in the third quarter as labor and fuel costs rose, and lowered its full-year guidance.
( 18
min )
Learn about moral hazard, how it can affect outcomes, and how it contributed to the conditions that led to the 2008 financial crisis.
( 23
min )
The U.S. economy isn’t cooperating with the Federal Reserve’s plan to slow it down, thanks to consumers who just won’t stop spending.
( 18
min )
Mastercard Inc. third-quarter results came in ahead of expectations, with the payments processor reporting a second consecutive quarter of profit growth on continued strong consumer spending trends
( 17
min )
Comcast posted better-than-expected earnings in the third quarter due to stronger theme park revenue and subscriptions for its Peacock streaming service despite another quarter of declining broadband subscriptions.
( 17
min )
Shares of financial tech firms Affirm, Block, and PayPal dropped following a warning about consumer spending from French payments company Worldline.
( 17
min )
You can only have one reverse mortgage, but there are other ways of accessing equity
( 24
min )
Here are answers to 10 frequently asked Social Security questions, including when to file, how much you’ll get, and whether the program is in trouble.
( 29
min )
The Social Security Act established a benefits system in 1935 for people who are retired, jobless, or have a disability. A payroll tax funds these benefits.
( 25
min )
Universal healthcare coverage systems are set up to ensure that all legal residents of a given jurisdiction have health insurance.
( 24
min )
Active or Passive ETF investing? Find out which one is for you.
( 26
min )
Under the Inflation Reduction Act, Medicare can now negotiate the price of some high-cost prescription drugs. Learn how to get lower drug costs through Medicare Part D.
( 22
min )
Medicare supplement insurance, also known as Medigap, is private insurance sold to complement original Medicare coverage.
( 27
min )
One of the most important topics in retirement is Medicare. Here is the lowdown on how it works and what it may cost you.
( 28
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Retirement expenses such as health insurance, home renovations, and a new car could drain your funds if you don't plan for them now.
( 27
min )
De landelijke Britse overheid zei donderdag dat lokale overheden moeten stoppen met proeven met een vierdaagse werkweek voor hun werknemers. Hierdoor zouden de lokale overheden minder werk afkrijgen en dat zou de belastingbetalende burger benadelen.
( 9
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Het Nederlands klimaatbeleid is niet rechtvaardig ten opzichte van de rest van de wereld. Dat zegt de Adviesraad Internationale Vraagstukken (AIV). De raad overhandigt vandaag een stappenplan aan demissionair klimaatminister Rob Jetten. "De ambitie moet omhoog."
( 10
min )
Het Europees Parlement presenteert donderdag een aangepast wetsvoorstel om online kindermisbruik aan te pakken. Over de wet wordt al jaren fel gediscussieerd. Partijen lagen met elkaar overhoop over de vraag of een harde aanpak of juist preventie het beste werkt.
( 12
min )
Nederlandse personenauto's, bestelbusjes, vrachtwagens en bussen hebben in 2022 in totaal bijna 144 miljard kilometer in binnen- en buitenland gereden. Dat is 7 procent meer dan een jaar eerder. Vooral elektrische en hybride auto's hebben veel meer kilometers afgelegd.
( 9
min )
De economie in de Verenigde Staten groeide afgelopen kwartaal maar liefst 4,9 procent. Dit ondanks een aantal renteverhogingen en een afremmende wereldeconomie. Het is de grootste groei sinds 2021.
( 8
min )
Tata Steel mag niet claimen dat de uitstoot van kankerverwekkende pak-stoffen tussen 2019 en 2022 is gehalveerd. Die claim is niet aantoonbaar juist, omdat niet alle mogelijke bronnen zijn onderzocht, stelt de Reclame Code Commissie.
( 9
min )
Het Europees Parlement presenteert donderdag een aangepast wetsvoorstel om online kindermisbruik aan te pakken. Over de wet wordt al jaren fel gediscussieerd. Partijen lagen met elkaar overhoop over de vraag of een harde aanpak of juist preventie het beste werkt.
( 12
min )
De ECB houdt een rentepauze na een reeks van tien verhogingen in ruim een jaar tijd. De Europese inflatie is niet volledig teruggezakt, maar de ECB wil de rente voorlopig niet verder verhogen. Anders zou het economisch te veel pijn doen.
( 10
min )
De centrale bank in Turkije schroeft de rente in het land opnieuw stevig op, van 30 naar 35 procent. Dit moet de nog altijd gierende inflatie in het land in toom houden.
( 8
min )
Dichte mist veroorzaakt donderdag problemen op Schiphol. Tientallen vluchten zijn vertraagd of worden geannuleerd. De mist kan mogelijk de rest van de dag het vluchtschema verstoren.
( 8
min )
De kinderopvangsector krijgt er steeds meer personeel bij. Al jarenlang stromen er duizenden mensen meer in dan er vertrekken. En toch lijken de wachtlijsten voor nieuwe ouders maar niet te slinken.
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De winst van Vattenfall was in de eerste negen maanden van dit jaar veel lager dan in 2022. Dat werd veroorzaakt doordat de energieprijzen flink zijn gedaald sinds vorig jaar.
( 8
min )
De Europese Centrale Bank (ECB) heeft in ruim een jaar de rente tien keer verhoogd om de inflatie te bestrijden. Doel is om lenen minder aantrekkelijk te maken en dat lukt, blijkt uit nieuwe cijfers. Daarom zal een elfde renteverhoging komende donderdag uitblijven, verwachten experts.
( 10
min )
Hoewel de lockdowns al een tijdje voorbij zijn, werkt een op de drie Nederlanders nog steeds regelmatig vanuit huis. Daarbij gaat het vooral om hybride werken, een mix van thuis en op kantoor. Fulltime thuiswerken gebeurt maar weinig.
( 10
min )
Unilever verkocht in het afgelopen kwartaal minder producten, maar verdiende door prijsverhogingen wel meer geld. Het bedrijf achter merken als Magnum, Dove en Calvé behaalde een kwartaalomzet van 15,2 miljard euro.
( 9
min )
Gebruik jij Facebook, Instagram of WhatsApp? Dan heeft Facebook-moederbedrijf Meta in het afgelopen kwartaal omgerekend ruim 10 euro aan jou verdiend. Het socialemediabedrijf heeft in die drie maanden meer adverteerders weten te strikken.
( 9
min )
HelloFresh heeft voor het tweede kwartaal op een rij minder dozen met boodschappen bezorgd. Het Duitse bedrijf ziet klanten mogelijk vanwege de hoge inflatie bezuinigen op bestellingen.
( 8
min )
Mattel heeft in het afgelopen kwartaal veel meer Barbies verkocht. Daarmee lijkt het speelgoedconcern te profiteren van de succesvolle film Barbie, die eerder dit jaar is verschenen.
( 9
min )
Na een lange periode van stakingen heeft de Amerikaanse vakbond voor de auto-industrie UAW een voorlopig akkoord gesloten met autoproducent Ford. De partijen zijn een forse loonsverhoging van 25 procent overeengekomen. Bij meerdere grote autoproducenten werd al ruim een maand gestaakt.
( 8
min )
Nederlandse personenauto's, bestelbusjes, vrachtwagens en bussen reden in 2022 in totaal bijna 144 miljard kilometer in binnen- en buitenland, 7 procent meer dan een jaar eerder. Vooral elektrische en hybride auto's reden veel meer kilometers.
( 8
min )
Mattel verkocht in het afgelopen kwartaal veel meer barbiepoppen. Daarmee lijkt het speelgoedconcern de vruchten te plukken van de succesvolle Barbie-film die eerder dit jaar werd uitgebracht.
( 9
min )
Hoewel de lockdowns al een tijdje voorbij zijn, werkt een op de drie Nederlanders nog steeds regelmatig vanuit huis. Daarbij gaat het vooral om hybride werken, een mix van thuis en op kantoor. Fulltime thuiswerken gebeurt maar weinig.
( 9
min )
De Turkse economie zit al tijden in zwaar weer. Critici wijzen naar de invloed van president Recep Tayyip Erdogan als belangrijkste oorzaak. Wat is er veranderd sinds zijn verkiezingswinst in mei? Is er licht aan het einde van de tunnel?
( 10
min )
Morgan Stanley (MS) named Edward (Ted) Pick as the company's next chief executive officer, succeeding James Gorman, who held the position since 2010.
( 17
min )
Make sure you know the difference between a change in market outlook and a short-term recovery.
( 23
min )
The three best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human, and 6.00% from Sandia Area Federal Credit Union.
( 19
min )
Reverse mortgages are the same in Puerto Rico, the U.S. Virgin Islands, and Guam as they are in the 50 states.
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The companies student loan borrowers do business with are closely monitoring how much money people are diverting to payments.
( 18
min )
Shares of ADP fell 9% Wednesday as a mixed earnings report from the payroll services provider failed to satisfy investors. Revenue fell just short of expectations, despite an EPS beat.
( 17
min )
The millennial generation is now driving the U.S. housing market, with an added 7.4 million purchases since 2018.
( 17
min )
Meta's foray into generative AI for advertisers could push ad spend for Facebook and Instagram even higher.
( 17
min )
The S&P 500 dropped 1.4% on Wednesday, Oct. 25, 2023, with Alphabet's earnings report and rising borrowing costs pressuring tech stocks.
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min )
American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
( 21
min )
Investing in cryptocurrency ETFs? Here’s what you need to know about bitcoin futures ETFs and ether futures ETFs.
( 24
min )
Boeing reduced its estimate for 737 Max deliveries this year because of inspections for a potential fuselage problem.
( 17
min )
The economic boom that the U.S. economy experienced in 2022 came hand-in-hand with a resurgence in credit card debt.
( 17
min )
How blockchain ETFs work and the risks associated with such theme-based investments.
( 24
min )
Temporal discounting is the human tendency to choose for immediate gratification at the expense of future benefits.
( 28
min )
The White House and consumer electronics giant Apple (AAPL) have become unlikely allies in pushing for a national “right to repair” law that would require manufacturers to support independent repair shops and consumers in fixing broken devices.
( 18
min )
Microsoft Corp.'s fiscal first-quarter earnings showed a surprise improvement in its Azure cloud segment.
( 17
min )
We researched and evaluated more than 70 personal loan lenders and rated them based on APRs, loan amounts and terms, credit requirements, customer experience, and more.
( 24
min )
Understand how open market operations affect the supply of money in the economy and learn the specific ways that the Federal Reserve changes the money supply.
( 23
min )
T-Mobile U.S. beat earnings estimates and raised its outlook as the wireless provider added more customers than analysts had expected.
( 17
min )
Shares of Google parent Alphabet tumbled more than 9% in intraday trading Wednesday after the tech giant's cloud revenue fell short of expectations in the third quarter, but analysts say investors needn't worry.
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min )
U.S. equities were mixed at midday on Wednesday, Oct. 25, 2023, as the tech sector lost ground after Google parent Alphabet reported lower-than-expected cloud revenue.
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Reverse mortgage applicants must be at least 62 years old and own a significant amount of equity in their home.
( 24
min )
Fisher Thermo Scientific shares tumbled to a more than three-year low as sales missed estimates and the company cut its guidance.
( 17
min )
Who wouldn't want to retire early? The question is, how much will it cost? Here's a quick and dirty way to get an answer.
( 25
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Rates on 30-year mortgages have continued their yo-yo pattern—this time with a notable drop to fall further below the 23-year peak they registered last week.
( 19
min )
Social Security credits are used to determine eligibility and benefit amount for benefits, so make sure to understand how many are required.
( 25
min )
Amazon said it would launch a separate, "sovereign" cloud in Europe, tailored to address stricter privacy standards and support public sector clients.
( 17
min )
U.S. President Joe Biden released $3.7 billion in funding for the Low Income Home Energy Assistance Program and introduced a national eligibility tool to support households with energy costs amid high inflation.
( 19
min )
The tax savings of non-qualified deferred compensation plans are not the only tax-related fact you need to know before signing up for one.
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min )
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The Securities and Exchange Commission has charged investment manager Blackrock for failing to properly disclose entertainment investments in a fund it advised.
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min )
Ticket to Work Program helps people receiving Social Security Disability Insurance return to work without risking benefits.
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min )
Primary insurance amount is a calculation, used with the average indexed monthly earnings (AIME), to determine a person's Social Security benefits.
( 23
min )
The taxable wage base is the maximum amount of earned income that employees must pay Social Security taxes on.
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min )
General Agreements to Borrow (GAB) was a lending medium offered through the International Monetary Fund by the Group of Ten countries.
( 22
min )
Social Security disability payments may or may not count as earned income. Learn when you can or can’t use them to invest in a Roth IRA.
( 26
min )
Stock traders watch a so-called thrusting line as part of a pattern that indicates increasing demand for a particular stock.
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min )
Average indexed monthly earnings (AIME) is used to determine the primary insurance amount (PIA) that values an individual's social security benefits.
( 24
min )
Medicare wages are employee earnings that are subject to a U.S. payroll tax known as the Medicare tax.
( 25
min )
Ford Motor and the negotiators of the United Auto Workers (UAW) union have reached a tentative labor deal, pending union leadership approval, three sources familiar with the matter said on Wednesday. A deal would be the first settlement of strikes against Ford, General Motors and Chrysler-parent Stellantis . More than 45,000 union members working at the Detroit Three automakers have joined walkouts that began on Sept.
( 32
min )
(Bloomberg) -- Asian stocks are set to tumble to their lowest in nearly a year while US futures extended declines as a batch of poor corporate earnings soured sentiment. Currency traders were on edge after the yen weakened past a key level. Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesIsrael Is Losing Support as Fury Grows Over Its Strikes on GazaTrump Ally Mike Johnson Elected H
( 35
min )
(Bloomberg) -- Meta Platforms Inc. posted revenue growth that beat the average analyst estimate, showing investors the company can improve the core advertising business while investing heavily in artificial intelligence and virtual reality. Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineTrump Signals Support for Johnson’s Bid to Become House SpeakerTech-Heavy ETF Up in Late Hours as Meta Rallies: Markets WrapChina Developer Country Garden Deemed in Default on
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min )
United Parcel Service agreed to acquire Happy Returns, a software and reverse logistics company that handles returns for retailers, from PayPal.
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min )
The two sides have moved closer on key bargaining issues in recent days, though there is still a possibility talks could stall.
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min )
UPS said as a result of the deal, label-free returns will soon be available at thousands of locations in the U.S.
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min )
(Bloomberg) -- Looking for a unifying theory on what’s ailing equities in a world of vacillating bond yields, iffy earnings and mixed messages from the Federal Reserve? Try valuations.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineTrump Signals Support for Johnson’s Bid to Become House SpeakerTech-Heavy ETF Up in Late Hours as Meta Rallies: Markets WrapChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeTrump Ally Mike Johnson Elected
( 35
min )
After several years of underperformance, 2023 has been marked by a bit of a comeback for Intel (NASDAQ:INTC). The chip giant’s Q2 results exceeded expectations, boosted by indications the PC market is gradually rebounding. With the company readying to release its Q3 statement on Thursday (October 26th after the close), can the turnaround story truly take shape? That is still up for debate, says Stifel’s Ruben Roy, a 5-star analyst rated in the top 2% of the Street’s stock pros. On the one hand,
( 34
min )
(Bloomberg) -- An earnings restatement from SunPower Corp. and a short seller’s notice on Sunrun Inc. helped drag solar stocks lower, as investors brace for what could be a round of disappointing quarterly reports across the industry. Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachinePost-Earnings Meta Rally Fails to Prop Up QQQ: Markets WrapTrump Ally Mike Johnson Elected House Speaker, Shifting GOP Further RightTrump Signals Support for Johnson’s Bid to Become
( 34
min )
Want to save $83,000 over the 30-year life of a mortgage on a $300,000 home? Think carefully about what you’re really pursuing.
( 34
min )
Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds, a person familiar with the trade said on Wednesday. Ackman said on Monday on X, "we covered our bond short" some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. "The economy is slowing faster than recent data suggests," Ackman said in the post, adding "There is too much risk in the world to remain short bonds at current long-term rates."
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min )
Alphabet's cloud results were weak, but the more concerning news came from Texas Instruments.
( 22
min )
The fintech contagion spread across the ocean on Wednesday following a dramatic repricing in the European sector.
Shares of buy-now-pay-later company Affirm dropped 15%. Payments company Block fell 8%. And PayPal Holdings retreated by nearly 5%.
These sell-offs were on the heels of a [warning from
( 24
min )
Penny stocks are risky but have the potential to triple initial investments. While risk-averse investors might associate penny stocks with gambling, conducting proper research and noting market sentiment regarding such low-value stocks can help traders identify strategic investment opportunities. But pump-and-dump schemes where market-makers artificially inflate the price of penny stocks through advertising are fairly common. While the promoters often end up cold calling clients or sending email
( 35
min )
Charles Schwab sweeps customers' uninvested cash into sweep accounts that pay just 0.45%, a point of consternation for some customers and financial advisors.
( 22
min )
(Bloomberg) -- Treasury yields rose, retracing about half of their declines from multiyear highs reached earlier in the week, amid expectations that auction size increases will be announced next week.Most Read from BloombergTrump Signals Support for Johnson’s Bid to Become House SpeakerChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeControversial Chip in Huawei Phone Produced on ASML MachineBig Tech Leads Losses as Treasuries Under Pressure: Markets WrapNobody Wants
( 32
min )
When considering the purchase of dividend stocks, total return is not just about the present price versus the price an investor paid for the shares. Total return includes appreciation plus the dividends received and the return may differ, depending on whether the investor collects or reinvests the dividends. The dividends paid on a stock can vary over time. While a temporary cut or suspension of a dividend can hurt the share price, improving performance can make up for that over time. Take a loo
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min )
Escalating tensions in the Middle East have caused oil prices to spiral again, with West Texas Intermediate crude rising by nearly 2% earlier this week. As the Israel-Hamas fight intensifies, many analysts predict regional oil production to be significantly impacted in the near term. While Israel is not a major global oil supplier, the regional tensions have caused the oil market to be "fraught with uncertainty," according to the International Energy Agency (IEA). "The conflict has certainly rai
( 35
min )
The United Auto Workers union appears to be edging closer to a tentative contract agreement with Ford that would be critical to ending the union's 6-week-old strikes against the three major Detroit automakers, two people with knowledge of the talks said Wednesday. The people said the union made a counter-offer to Ford that proposes a 25% general wage increase over the life of a new four-year contract and said that negotiations on Tuesday extended well into Wednesday morning. Previously Ford, Stellantis and General Motors had all offered 23% pay increases.
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min )
(Bloomberg) -- Oil is poised for its longest losing streak since May on signs that the Israel-Hamas war will remain contained for the time being at least, easing concerns over supply disruptions in the Middle East. Most Read from BloombergTrump Signals Support for Johnson’s Bid to Become House SpeakerIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeNobody Wants Mutual Funds NowControversial Chip in Huawe
( 33
min )
Berkshire Hathaway Inc. Vice Chairman Charlie Munger delivered a scathing analysis of systems characterized by short-term incentives during a 2011 interview at the University of Michigan's Ross School of Business. His insights into the consequences of poorly designed systems were notably candid. "Good people go bad because of the way the system is structured," Munger said. "If you run a big chain of stores and you make it easy to steal by your own sloppiness, you will cause a lot of good people
( 35
min )
High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker. Electric vehicle sales are still growing strongly, but that demand is not keeping up with the expectations of carmakers and other companies that have invested billions of dollars in the EV space. Expectations for persistently higher interest rates has led companies to alter plans as they eye 2024 warily.
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min )
Tesla’s (NASDAQ:TSLA) Q3 conference call was one for the ages. While the EV leader’s results were conclusively disappointing, the call itself featured ominous warnings from CEO Elon Musk on the state of the global economy, the higher interest rate environment and the difficult road ahead for the Cybertruck’s production. Shares duly tanked as investors digested an uncertain future for the undisputed EV leader. In fact, Morgan Stanley analyst Adam Jonas makes the case that Tesla’s dire outlook cou
( 34
min )
I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.
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min )
Shares of Facebook and Instagram parent Meta Platforms slipped in morning trading Wednesday, ahead of the social-media giant’s quarterly earnings, which are expected after the market close.
Investors will watch for signs of the health of the company’s advertising business, along with growth at the
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Rates on 30-year mortgages have continued their yo-yo pattern—this time with a notable drop to fall further below the 23-year peak they registered last week.
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Payments stocks are falling early Wednesday. A warning from Worldline, a major European payments company, is sending jitters through the industry.
( 16
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Bad onboarding is leading to higher quit rates for new employees.
( 33
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SunPower is correcting statements for 2022, and the first two quarters of 2023 after finding accounting errors.
( 17
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Akio Toyoda said the electric-vehicle industry was coming to recognize that there isn’t a single answer to reducing carbon emissions.
( 28
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The 7.9% average contract rate for a 30-year fixed-rate mortgage during the week ended Oct. 20 was up 20 basis points from the prior week, the Mortgage Bankers Association said. "These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity." The 30-year fixed rate mortgage is up 81 basis points since then, tracking a similar rise in the yield on the 10-year Treasury note, the main benchmark for longer-term U.S. borrowing rates.
( 33
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(Bloomberg) -- Bank of America Corp.’s Jim DeMare warned of the knock-on effects of short-term Treasury yields at 5% and said higher interest rates are having a “dramatic change” on the biggest global industry trends.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastTrump Ally Mike Johnson Becomes Latest GOP House Speaker NomineeChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeNobody Wants Mutual Funds NowBig Tech Earnings Whipsa
( 33
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Boeing reported a $1.64 billion loss for the third quarter on Wednesday as it delivered fewer copies of its best-selling plane and sunk more money into building two new Air Force One presidential jets. The aircraft maker lowered its forecast of 737 Max production to between 375 and 400 planes this year, down from a previous estimate of 400 to 450. Boeing said production and deliveries of 737s will be slowed as it does inspections and additional work to fix a pressure-sealing section of the planes.
( 33
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The painful repricing of Europe's financial-technology sector continues.
Shares in French payments firm Worldline plunged 59% Wednesday, knocking roughly $4 billion off its market value, after the company cut its revenue forecasts for this year.
Peers also fell steeply. Adyen in the Netherlands
( 24
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Thermo Fisher, the leading maker of scientific equipment, slashes its guidance for the second consecutive quarter, citing a challenging macro environment.
( 15
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I’m turning 68 shortly and plan to wait to claim my Social Security at age 70 to maximize the monthly benefit. I also plan to retire at the end of the year, if not sooner (so in three months or less). Does withdrawing from my traditional IRAs (current balance is $215,000) to reduce the income […] The post Ask an Advisor: I’m 67 With $218k in an IRA. Should I Start My Withdrawals Now to Reduce Future RMD Taxes? appeared first on SmartReads by SmartAsset.
( 35
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The pharmacy chains have discovered that taking a larger role in the healthcare system than simply dispensing prescriptions and selling over-the-counter notions is more complicated and costlier than they expected.
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min )
Fiscal first-quarter revenue at Microsoft's Azure cloud business rises 29%, while Google Cloud revenue misses forecasts. Boeing, Meta Platforms, and IBM are scheduled to report earnings Wednesday.
( 21
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In recent times, the markets have been hit by a combination of persistent headwinds that have been dragging it down. Elevated interest rates, surging oil prices, and geopolitical concerns have all played their part in keeping sentiment low. But now, with the S&P 500 having retreated by 8% from the 52-week high of 4,607, Piper Sandler’s chief market technician Craig Johnson thinks various indicators are signaling that stocks are in oversold territory, positioning the benchmark index to push highe
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min )
Stock-and-bond portfolios that worked for the past 40 years aren’t ready for what’s coming.
( 27
min )
Pressures created by rising interest rates are outweighing supportive government policies.
( 29
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(Bloomberg) -- The US economy likely expanded in the third quarter at the fastest clip in nearly two years, a surprising acceleration primarily powered by a consumer reaping the benefits of resilient job growth, rising wealth and easing inflation.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastNobody Wants Mutual Funds NowTrump Ally Mike Johnson Becomes Latest GOP House Speaker NomineeChina Developer Country Garden Deemed in Default on Dollar Bond for Firs
( 34
min )
Amid news, fake or otherwise, of an imminent approval for at least one spot Bitcoin ETF, Bitcoin’s price has skyrocketed. Could a year of pain in the crypto industry be over?
( 37
min )
Bruce Berkowitz manages the $1.3 billion Fairholme Fund. It’s up 33% this year but has a bizarre portfolio design and management structure.
( 20
min )
Eli Lilly’s Mounjaro diabetes drug is expected to soon be approved to treat obesity. The pharmaceutical company’s stock is trading in an interesting technical pattern.
( 19
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French payment company Worldline on Wednesday reported an organic growth of 4.8% in third-quarter revenue, boosted by its merchant services segment, which grew organically by 7.6%. The digital payment and transactions solutions provider generated revenue of 1.18 billion euros ($1.25 billion) in the quarter, up from 1.13 billion in the year-ago period. ($1 = 0.9432 euros)
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The Street projects Meta will post quarterly sales of $33.5 billion, up 21% from a year ago, with profits of $3.61 a share, up from $1.64.
( 21
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Vietnamese automaker Vinfast plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere. Its CEO Le Thi Thu Thuy said in a recent interview with The Associated Press that the U.S. market is “difficult.” It has sold just 2,009 electric vehicles in the U.S., less than 1% of total of total U.S. EV sales, according to Motorintelligence.com.
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Pfizer will still benefit from the 25% stake it retained as well as full rights to the drug outside the US and Japan.
( 34
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Google released its Q3 earnings on Tuesday that largely beat Wall Street's expectations, although a miss on cloud revenue sent its stock sliding in after hours trading.
( 35
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This year has seen a strong bullish trend that has hit the skids in the last couple of months, resulting in a pullback from recent highs and an increase in volatility. For the retail investor, the main result is a tougher environment for finding just the right stock. That’s where Wall Street’s top analysts come in. These stock pros have built solid reputations for finding those right stocks – in any conditions. Covering the tech sector for Needham, analyst Quinn Bolton stands head and shoulders
( 36
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Shell gaat tweehonderd banen schrappen die te maken hebben met duurzame energie. Ook gaat het olie- en gasconcern de activiteiten op het gebied van lichte waterstofvoertuigen verminderen. In plaats daarvan wil het zich meer op zwaar transport en industrie richten.
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Klanten van Apple TV+ gaan bijna 43 procent meer betalen voor hun abonnement in de Verenigde Staten. De prijs gaat van 6,99 dollar naar 9,99 dollar per maand. In Nederland gaan de prijzen min of meer in vergelijkbaar tempo omhoog.
( 8
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In de Zeeuwse plaats Waarde zijn dieren gevonden die besmet zijn met het blauwtongvirus. Dat betekent dat het virus op dit moment in alle Nederlandse provincies actief is. Dat meldt de Nederlandse Voedsel- en Warenautoriteit (NVWA) woensdag.
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De grens voor een hypotheek met Nationale Hypotheekgarantie (NHG) gaat omhoog vanaf 1 januari. Dat betekent dat mensen straks financiële bescherming kunnen krijgen bij het kopen van een huis tot aan 435.000 euro.
( 10
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Nederlanders met verschillende politieke voorkeuren steunen belastingverhogingen op vliegreizen en nieuwe spullen, laat nieuw onderzoek zien. 'De vervuiler betaalt' is daarbij het uitgangspunt. Maar de overheid moet wél investeren in betaalbare alternatieven.
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De grens voor een hypotheek met Nationale Hypotheekgarantie (NHG) gaat omhoog vanaf 1 januari. Dat betekent dat mensen straks financiële bescherming kunnen krijgen bij het kopen van een huis tot aan 435.000 euro.
( 9
min )
Het omstreden Rotterdamse geldwisselkantoor Suri-Change mag haar werkzaamheden niet meer uitvoeren. De Nederlandsche Bank (DNB) heeft de vergunningen van het kantoor Suri-Change ingetrokken.
( 9
min )
Tienduizenden Nederlanders leven onder het sociaal minimum doordat ze geen aanvullende uitkering aanvragen terwijl ze hier wel recht op hebben. Dat meldt de Arbeidsinspectie, die onbekendheid van de maatregel als een belangrijke oorzaak ziet.
( 9
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Onderzoekers van ABN AMRO verwachten inmiddels tóch dat de woningprijzen volgend jaar weer gaan stijgen. De huizenprijzen zijn eerder gestopt met dalen dan eerder werd gedacht, onder meer door stijging van de lonen en vertraging van nieuwbouw.
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Clouddiensten en kunstmatige intelligentie hebben Microsoft het afgelopen kwartaal geen windeieren gelegd. Maar Google-moederbedrijf Alphabet heeft er juist minder van geprofiteerd dan voorheen.
( 9
min )
De breuk in een gaspijplijn tussen Finland en Estland is mogelijk veroorzaakt door een anker. Finland meldt dat onderzoekers vlak bij de plek van de breuk een anker hebben opgevist. Wellicht was dat anker van een Chinees containerschip.
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De breuk in een gaspijplijn tussen Finland en Estland is mogelijk veroorzaakt door een anker. Finland meldt dat onderzoekers vlak bij de plek van de breuk een anker hebben opgevist. Wellicht was dat onderdeel van een Chinees containerschip.
( 8
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Door het matige zomerweer in delen van Europa is er minder bier gedronken en dat ziet Heineken terug in zijn cijfers. Ook door de hogere prijzen heeft de Amsterdamse brouwer minder verkocht.
( 8
min )
KPN heeft een goed derde kwartaal achter de rug. De winst steeg met 6,5 procent, mede doordat de provider in juli een flinke inflatiecorrectie heeft doorgevoerd. Klanten waren volgens het telecombedrijf minder blij met die prijsverhoging.
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Er zijn op dit moment meer vacatures dan werkzoekenden. En die krapte op de arbeidsmarkt kan de komende jaren nog erger worden, verwacht het UWV. Daarom moeten we alle oplossingen voor die krapte met beide handen aanpakken, ook het inzetten van meer arbeidsmigranten.
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min )
Grote webwinkels hebben vaak geen telefoonnummer of mailadres voor klanten op hun site staan, terwijl ze dit wel verplicht zijn. Dat concludeert de Consumentenbond na onderzoek bij de honderd grootste webshops van Nederland.
( 9
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Op IJsland werd dinsdag aandacht gevraagd voor de loonkloof tussen mannen en vrouwen. Veel IJslandse vrouwen, onder wie premier Katrín Jakobsdóttir, legden daarom hun werk neer. Vandaag is daarom de stelling: 'Ik zou meedoen aan een staking tegen de loonkloof.'
( 7
min )
Meer dan twintig Amerikaanse staten klagen Meta aan. Ze vinden dat het moederbedrijf van Facebook en Instagram jonge gebruikers uitbuit voor winst en hen blootstelt aan schadelijke inhoud.
( 8
min )
Er zijn op dit moment meer vacatures dan werkzoekenden. En die krapte op de arbeidsmarkt kan de komende jaren nog erger worden, verwacht het UWV. Daarom moeten we alle oplossingen voor die krapte met beide handen aanpakken, ook het inzetten van meer arbeidsmigranten.
( 10
min )
The loss disallowance rule limits a corporation's ability to claim the losses of a subsidiary business for tax purposes.
( 20
min )
The three best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human, and 5.80% from Seattle Bank.
( 19
min )
Microsoft (MSFT)'s fiscal first-quarter earnings beat analysts' expectations as the company's Azure cloud computing segment grew more than predicted.
( 17
min )
Self-employment tax is the tax that a sole proprietor or freelancer must pay to the federal government to fund Medicare and Social Security.
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Personal loan rates edged up to 21.04% this week, adding 3 basis points since last week when the average personal loan rate stood at 21.01%.
( 18
min )
Record-high levels of credit card debt, a return to pre-pandemic levels of delinquency, and speculation on action by the Fed and U.S. lawmakers to limit fees and credit card interest rates could temper Visa's future performance.
( 18
min )
Colleges will be banned from the controversial practice of withholding transcripts from students over unpaid bills under finalized rules announced by the Department of Education Tuesday.
( 18
min )
A coalition of 33 states, along with nine attorneys general who filed separate lawsuits, sued tech giant Meta Platforms on Tuesday, alleging the company's social media platforms harm children and teenagers.
( 18
min )
Shares of Exchange-Traded Funds (ETFs) make a great gift because they offer diversified investment exposure and the potential to grow in value.
( 30
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Google Bard has also helped to stave off concerns about a large-scale shift away from Google Search, although an ongoing antitrust trial may be impactful.
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The S&P 500 added 0.7% on Tuesday, Oct. 24, 2023, amid strong corporate earnings news and anticipation of the reports coming from big tech firms this week.
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The Old-Age, Survivors, and Disability Insurance (OASDI) program is the official name for Social Security in the United States.
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Before you complain about inflation, consider that it made the typical middle-class family $14,300 richer over the 36 years leading up to the pandemic.
( 18
min )
RTX beat profit and sales estimates, announced a stock buyback, and gave an optimistic update on inspections of a jet engine forced out of service for a potential problem.
( 17
min )
Warner Bros. Discovery makes the majority of its revenues through its distribution activities
( 21
min )
Americans are, by almost every measure, richer than ever on average. Yet, when asked about our finances in surveys, we’re feeling worse off.
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Spotify posted a surprise profit and exceeded revenue estimates as it raised prices and reduced expenses.
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Credit score requirements for personal loans vary by lender, but borrowers with good or excellent credit typically have a better chance of qualifying for the best rates and terms.
( 26
min )
General Motors withdrew its full-year guidance in the company’s third-quarter earnings report amid uncertainty surrounding an ongoing strike by the United Auto Workers union.
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min )
Balance transfers and personal loans can help improve your finances, but they are different products. A balance transfer focuses on moving your debt from one creditor to another, usually for a lower interest rate, while a personal loan is a new debt.
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The IEA suggested momentum toward clean energy could lead global demand for coal, oil, and gas to peak before 2030.
( 17
min )
While a debt consolidation loan can be a personal loan, business debt consolidation loans are also available. Additionally, there are more kinds of personal loans than just debt consolidation loans.
( 25
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Rates on 30-year mortgages rose again, though they've stayed below the 23-year high they reached early last week. Rate averages were mixed across other loan types.
( 19
min )
The automaker and nuclear fuel cycle company's joint venture is aimed at securing materials needed to build electric vehicles (EVs), and is set to begin production in 2026.
( 17
min )
Here are the key differences between Bitcoin and Ripple's XRP, both popular decentralized cryptocurrency systems.
( 25
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Providing tax-free income in some countries, spread betting can be highly profitable. Investopedia provides important points for success.
( 25
min )
Logitech shares spiked after the PC equipment supplier reported profit soared and it raised its guidance on lower expenses.
( 17
min )
There are several important factors to consider when choosing a certificate of deposit (CD). In this guide, we'll explain what you need to know.
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Short selling and put options are used to speculate on a potential decline in a security or index or to hedge downside risk in a portfolio or stock.
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Some pundits demonize naked short selling, but it usually occurs after a collapse, not before.
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U.S. equities rose at midday on Tuesday, Oct. 24, 2023 following strong earnings reports and ahead of updates from big tech companies including Microsoft and Google parent Alphabet.
( 16
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As monthly car costs have soared, struggling borrowers are falling behind on their payments at the highest rates on record.
( 17
min )
3M beat profit and sales estimates and boosted its guidance on price hikes and expense reductions.
( 17
min )
EBITDA, or earnings before interest, taxes, depreciation, and amortization, is an alternative measure of a company's overall financial performance.
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The average length of a car loan is 72 months, which is six years but can vary from as short as 12 months to as long as 96 months.
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Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
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SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.
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USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.
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Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
( 21
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You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.
( 21
min )
State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
( 21
min )
Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
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Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.
( 21
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E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.
( 20
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Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.
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Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
( 21
min )
Coca-Cola (KO) beat estimates on both the top and bottom line for the third quarter, as consumers ramped up their purchases of soft drinks and other beverages despite the company's price hikes.
( 18
min )
Growth rates slowed relative to the second quarter but remained strong on stable air travel and renewable energy demand.
( 17
min )
Verizon home and business wireless business boosted third quarter earnings even as the telecom giant lost cellular subscribers.
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min )
The CPP or Canada Pension Plan is one of three levels of the retirement income system responsible for paying retirement or disability benefits.
( 28
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Spouses, ex-spouses, children, and dependent parents can be eligible for Social Security survivor benefits.
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General Electric raised its forecast for 2023 earnings as rebounding air travel demand improved the jet engine maker’s aerospace business and Redfin shares surged after the real estate brokerage secured $250 million in financing. Here’s what investors need to know today.
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min )
Here's how to maximize the Social Security benefits you receive and minimize the taxes you pay on them when you are in retirement.
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Most Americans have to pay Social Security tax for their entire working lives, but there are a few exceptions to that rule, as described here.
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Private equity firms and hedge funds benefit from several controversial provisions in the current U.S. tax code, including carried interest.
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min )
A debtor nation has negative net investment after recording all of the financial transactions it has completed worldwide.
( 22
min )
Learn about the different implications of marginal benefit and marginal utility in economics.
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Don't leave it up to your accountant. Business owners are ultimately responsible for fulfilling state, federal, and local tax obligations and payroll taxes.
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The Fisher College of Business is the business school at Ohio State University, located in Columbus, Ohio.
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(Bloomberg) -- Texas Instruments Inc. gave a disappointing revenue forecast for the current period, indicating that demand remains sluggish for a broad range of electronic components, including industrial equipment.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastNobody Wants Mutual Funds NowBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Ousts Defense Minister, Ending Mys
( 35
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The Google parent reported revenue of $76.7 billion for its latest quarter, up 11% from a year ago.That wasn’t enough to lift the stock.
( 18
min )
An earnings beat wasn’t enough for Texas Instruments stock, which is down 11% this year, compared with the 32% rise for the iShares Semiconductor exchange-traded fund.
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Tuesday's auction of two-year Treasury notes saw tepid demand, signaling that investor enthusiasm for Treasuries continues to soften amid concerns about the federal deficit and the path of interest rates.
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The three best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human, and 5.80% from Seattle Bank.
( 21
min )
The companies plan to close on the transaction on Oct. 30. Investors appear to be betting that closing will be delayed.
( 22
min )
Nvidia announced in a regulatory filing that the U.S. government sped up the implementation timeline for broader export controls on China's access to artificial intelligence chips.
( 34
min )
Block (NYSE:SQ) investors have had little to shout about this year. While other tech stocks have charged ahead, SQ shares have trended in the opposite direction; to wit, the stock has shed 28% of its value on a year-to-date basis. Sentiment has been low to such an extent that even after delivering a strong Q2 report boasting beats on both the top and bottom lines in addition to raising its operating income outlook, the less appealing aspects of the report took hold of the narrative. Assessing th
( 34
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Driven by rising demand for chips in the pandemic era, semiconductor stocks have been one of the best-performing sectors over the past few years. The recent artificial intelligence (AI) boom propelled the need for semiconductors further, with chipmakers such as Nvidia Corp. (NASDAQ:NVDA) that cater to AI software becoming the biggest gainers. Intel Corp., which has long been the dominant chipmaker, has been restructuring its business to accommodate changing market dynamics. Intel has been laggin
( 35
min )
Your talent can be your ticket to wealth. As the legendary Warren Buffett put it in a 2010 Forbes interview with Jay-Z, "You're a million-dollar asset." Buffett emphasizes that your talent is unique, and no one can take it from you — not inflation or taxes, and no external force can diminish the value of your abilities. Buffett makes an intriguing offer to students he encounters. "I would pay you $100,000 for 10% of your earnings for the rest of your life," he said. Don’t Miss: Until 2016 it was
( 34
min )
Boeing will report third-quarter earnings Wednesday morning. The company's results have been notably hard to predict in recent years. Investors should focus on cash flow.
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min )
An arbitrator ordered Nikola’former CEO to pay it $165 million.s
( 14
min )
The Dell Technologies CEO and founder made a big donation ahead of Broadcom's takeover of VMware, which promises to deliver a big payday for him.
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min )
(Bloomberg) -- There’s a good reason why investors are amazed that something hasn’t broken in the economy yet: The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions.Most Read from BloombergIsrael Latest: Blinken Says ‘Humanitarian Pauses’ Needed for AidAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantNobody Wants Mutual Funds NowXi Makes Unprecedented Central Bank Visit in Sign of Focus on EconomyBig Tech Props Up Sto
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min )
The company’s partnership with OpenAI has helped power new aritificial-intelligence businesses.
( 28
min )
Google parent Alphabet’s shares (GOOG, GOOGL) declined about 4% postmarket Tuesday after the tech giant released quarterly earnings results.
Here is what Alphabet reported, versus FactSet consensus estima
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min )
The world is at a “tipping point” on debt that threatens to spark a global reckoning after years of government borrowing binges, the boss of HSBC has warned.
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RTX beat profit and sales estimates, announced a stock buyback, and gave an optimistic update on inspections of a jet engine forced out of service for a potential problem.
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min )
The tech giants are out in numbers this week with many of the market leaders reporting Q3 earnings. Amongst them will be Amazon (NASDAQ:AMZN) with the ecommerce behemoth slated to deliver its third-quarter financial statement on Thursday (Oct 26) after the close. Looking ahead to the results, Monness’ Brian White, a 5-star analyst ranked in the top 1% of Street experts, is looking for Amazon to deliver revenues of $142.34 billion (above the Street at $141.43 billion). White’s figure factors in a
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min )
Proposed ETF anointed IBTC, as iShares creates mechanism to seed fund with cash.
( 33
min )
Borrowers, who were not required to make payments during the pandemic, found higher figures when they logged in loan servicers to start repaying .
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min )
JPMorgan Chase CEO Jamie Dimon slammed central banks like the Federal Reserve for being "100% dead wrong" when they tried to paint inflation as "transitory" 18 months ago.
( 34
min )
It’s been a tough year for the sector and Johnson & Johnson stock.
( 22
min )
Bill Gates, the seventh-richest person in the world according to the Forbes 2023 list, has been losing money on one of his latest investment bets. Gates, who amassed his wealth by cofounding and leading Microsoft Corp. for decades before retiring in 2008, has since focused on investing in private corporations and publicly traded companies. In the fiscal second quarter of 2023, Gates purchased over 1.7 million shares of Anheuser-Busch InBev (NYSE:BUD), maker of popular beer brands including Bud L
( 35
min )
(Bloomberg) -- Oil held near $90 a barrel after Monday saw the biggest drop since Hamas’s attack on Israel, amid signs the conflict will remain contained for the time being. Most Read from BloombergAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Repeats Its View That Israel Must Protect CiviliansNobody Wants Mutual Funds NowXi Makes Unprecedented Central Bank Visit in Sign of Focus on EconomyDisney Said to Near Multibillion-Dollar Deal With RelianceGlobal benchmark Bre
( 33
min )
Cleveland-Cliffs CEO Lourenco Goncalves isn't commenting on the steelmaker's attempts to acquire rival United States Steel, citing an agreement with U.S. Steel to refrain from disclosing information about the nego
( 24
min )
Measuring your own wealth can be a tricky thing but seeing how you compare with other households can be a useful way to assess your finances. The real financial benchmarks to measure, however, are your own. Are you achieving your goals? Are you on track to keep doing so in the future? Here are a […] The post Common Net Worth Statistics You Need to Know appeared first on SmartReads by SmartAsset.
( 35
min )
The United Auto Workers (UAW) union struck a General Motors assembly plant in Texas on Tuesday that builds the U.S. automaker's profitable full-size sport utility vehicles, in another significant expansion of the strike. The UAW said another 5,000 workers are going on strike.
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min )
Amazon.com stock is still a buy after this year's robust gains, according to an analyst, who cited the company's cloud business and retail sales performance.
( 17
min )
Nikola Corp. has been awarded $165 million in an arbitration proceeding with its founder and former executive chairman, according to a regulatory filing. The electric and hydrogen-powered heavy truck maker said in a filing with the Securities and Exchange Commission that it sought reimbursement from Trevor Milton for costs and damages related to actions that were part of government and regulatory investigations, including a December 2021 SEC settlement and associated civil penalty. Milton previously pleaded not guilty to securities and wire fraud.
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min )
MoffettNathanson lifted its rating on the sports betting company to Buy from Neutral.
( 15
min )
Shares of Microsoft ticked up in early trading Tuesday as investors prepared for the tech giant to report quarterly results after the closing bell.
Investors will watch for updates about the state of its artificial-inte
( 23
min )
Coinbase could benefit from spot Bitcoin ETF approvals, and not just because crypto is getting popular again.
( 18
min )
(Bloomberg) -- Vanguard Group Inc. has a message for investors waiting for the all-clear before returning to fixed income following a brutal rout this summer: “Shake it off.”Most Read from BloombergAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Repeats Its View That Israel Must Protect CiviliansNobody Wants Mutual Funds NowXi Makes Unprecedented Central Bank Visit in Sign of Focus on EconomyDisney Said to Near Multibillion-Dollar Deal With RelianceThe world’s second-l
( 33
min )
ConocoPhillips could be the next U.S. energy company looking to make a big purchase, according to KeyBanc analysts. Here are the potential targets.
( 16
min )
Picture this scenario: You and your spouse are both 67, have $2.5 million in savings and collect $40,000 in annual Social Security benefits. Is that enough to support a $100,000 lifestyle in retirement? This question is really multi-pronged. It’ll depend on when you both plan to retire, if you can you generate $100,000 per year […] The post We’re 67, Have $2.5 Million Saved and $40k in Social Security Benefits. Can We Live on $100k Per Year? appeared first on SmartReads by SmartAsset.
( 34
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Danaher posts third-quarter earnings of $2.02 a share on revenue of $6.87 billion.
( 14
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'Bond King' Bill Gross said a recession is coming for the U.S. economy in the fourth quarter.
( 33
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Verizon Communications shares rose after the telecommunications company posted third-quarter results ahead of Wall Street expectations.
Profit and earnings fell as the company faced pressure in its consumer and business operations. Verizon did increase its outlook for free cash flow for the year.
( 23
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Coca-Cola reported higher earnings and revenue for the third quarter, which was boosted by higher prices and a slight increase in sales volumes.
The beverage giant lifted its outlook for the year in light of its performance so far this year, although it expects a stronger headwind from currency tra
( 23
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Coca-Cola expects full-year organic revenue growth of 10% to 11%.
( 21
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NextEra Energy reported third-quarter profit that beat Wall Street estimates on Tuesday, on the back of additional projects at its renewable energy unit. On an adjusted basis, the company earned 94 cents per share in the reported quarter, compared with estimates of 88 cents, according to LSEG data.
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Amsterdam-based Adyen has seen a slowdown just as it amps up its U.S. expansion where rivals like PayPal and Stripe dominate.
( 34
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The company now expects annual free cash flow (FCF) to be higher than $18 billion, at least $1 billion increase from its prior forecast. Its third-quarter FCF of $6.7 billion beat estimates by more than $1.3 billion, according to Visible Alpha. Verizon, whose plans typically cost more than its peers, added 100,000 net monthly-bill-paying wireless phone subscribers in the third quarter, compared with expectations for 63,600 additions, according to Factset.
( 33
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The company also said it has approved a $10 billion share repurchase program, which would commence almost immediately. In its second-quarter earnings report, RTX disclosed it had found microscopic containments in powdered metal, used to manufacture high-pressure turbine discs that are part of the engine's core, the presence of which could lead to cracks in the engine. RTX had at the time said 200 engines would require "accelerated inspection" with 60 days to fix each engine with a contamination issue.
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The Detroit automaker is now losing about $200 million a week from factory walkouts.
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The conglomerate said efforts to improve performance and control costs are bearing fruit.
( 27
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General Electric raised its financial outlook and said it will shed its power business in the second quarter of 2024, the final step in a breakup of the industrial giant.
The step will leave GE’s aerospace unit as a standalone business, with both companies trading separately on the New York Stock E
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GE raises full-year earnings guidance to a range of $2.55 to $2.65 a share, up from prior guidance of $2.10 to $2.30.
( 18
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The Boston, Massachusetts-based company now expects 2023 adjusted profit per share of $2.55 to $2.65, compared with its earlier forecast of $2.10 to $2.30. GE's aviation business, its cash cow, has been lifted by a surge in demand for aftermarket services as a strong rebound in air travel prompted airlines to use jets for longer against the backdrop of shortage of commercial planes.
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ConocoPhillips could be the next U.S. energy company looking to make a big purchase, according to KeyBanc analysts. Here are the potential targets.
( 16
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A former employee of ASML Holding accused of stealing trade secrets from the manufacturer of the world's most advanced semiconductor-making equipment, later worked for Huawei Technologies, according to a Dutch media report. ASML disclosed in its 2022 annual report published in February that one of its former China-based employees had engaged in "unauthorised misappropriation of data relating to proprietary technology" that may have violated some export controls. ASML CEO Peter Wennink characteri
( 34
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Savers scrambled to buy I Bonds when inflation surged in 2021 and 2022. Both fixed and inflation-linked rates are due to rise again in November.
( 36
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We recently passed an anniversary, of sorts – one year to the day since the stock market hit bottom. On October 12 of last year, the S&P 500 reached its trough; since then, the market trend has been upward despite some volatility and a recent pullback. Brian Belski, chief investment strategist from BMO Capital, believes that we’re into a secular bull market now. Looking at a series of factors – general economic growth, the slowing pace of inflation, the stage of the Fed’s monetary policy, Belski
( 38
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(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the fact that central banks got financial forecasting “100% dead wrong” about 18 months ago should prompt some humility about the outlook for next year.Most Read from BloombergAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Repeats Its View That Israel Must Protect CiviliansHostages and Hezbollah Force Israel to Rethink Gaza Ground WarIsrael Latest: Biden, Netanyahu Discuss Hostages, US Deploy
( 33
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(Bloomberg) -- In a year when the US economy exceeded almost everybody’s expectations, the underlying federal deficit roughly doubled, spotlighting a dire fiscal trajectory likely to only worsen the partisan budget battles in Washington.Most Read from BloombergAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Repeats Its View That Israel Must Protect CiviliansHostages and Hezbollah Force Israel to Rethink Gaza Ground WarIsrael Latest: Biden, Netanyahu Discuss Hostages, U
( 35
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Barclays just had a rough third quarter—and suggested big changes are imminent.
The British banking giant said Tuesday that profit fell 16% in the three months through September, compared to a year earlier. That reflected persistent weakness in investment banking and competitive pressures in retail
( 23
min )
The Street expects the parent of Google and YouTube to post sales of $76 billion, up 10% from a year earlier, with profits of $1.46 a share.
( 20
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Microsoft shares have stalled as investors await a payoff from generative AI.
( 22
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Here's how to maximize the Social Security benefits you receive and minimize the taxes you pay on them when you are in retirement.
( 29
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Updated BlackRock filing indicates spot Bitcoin ETF could be seeded this month
( 34
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(Bloomberg) -- Bitcoin extended a rally fueled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year.Most Read from BloombergWall Street Trading Rattled by Wild Treasury Moves: Markets WrapAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantTreasury 10-Year Yield Breaches 5% for First Time Since 2007US Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItHostages and Hezbollah Force Israel to Rethink Gaz
( 33
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Recent months have seen increased volatility in the stock markets, as both the S&P 500 and the NASDAQ have given back some of the gains they posted earlier in the year. Stocks are coming under pressure from a variety of headwinds – but one that stands out recently comes from the bond market. Treasury bond yields and stocks tend to move in opposite directions, and earlier today the 10-year treasury bond rose to a peak of 5.02%, its highest level since July 2007. The yield was as low as 3.3% as re
( 36
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Elon Musk's tunneling enterprise The Boring Company has sold shares owned by employees and investors at a price over 22% higher than in a funding round for the company last year, The Information reported on Monday. The sale priced shares at $24 each, the report said citing people familiar with the matter.
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Meer dan twintig staten in de Verenigde Staten klagen Meta aan. Dat is het bedrijf achter onder meer Facebook en Instagram. De staten vinden dat Facebook en Instagram jonge gebruikers uitbuiten voor winst en hen schadelijke inhoud laten zien.
( 8
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De breuk in een gaspijplijn tussen Finland en Estland is mogelijk veroorzaakt door een anker. Finland meldt dat de politie vlak bij de plek van de breuk een anker heeft opgevist. Wellicht was dat onderdeel van een Chinees containerschip.
( 8
min )
De Consumentenbond sleept enkele bedrijven voor de rechter voor krimpflatie. Deze fabrikanten verminderden stiekem de inhoud van verpakkingen terwijl de prijs van het product hetzelfde bleef of zelfs hoger werd.
( 8
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De Tweede Kamer stemt in met een aanpassing van de inlichtingenwet. Door de tijdelijke wet moeten inlichtingendiensten AIVD en MIVD meer bevoegdheden krijgen om internetverkeer te onderscheppen. De bedoeling is dat ze hierdoor sneller cyberdreigingen vanuit het buitenland herkennen.
( 9
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In de zorgsector zijn momenteel 52.000 vacatures. Dat is volgens uitzender Randstad een nieuw record. Er zijn door vergrijzing vier keer zoveel zorgbanen beschikbaar als tien jaar geleden, blijkt uit onderzoek van het bedrijf. Ook in andere sectoren zijn nog tekorten.
( 9
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Een groot deel van de bedrijven in Nederland ontwijkt regels voor het hergebruik van plastic verpakkingen voor eten en drinken. Daardoor vermindert de hoeveelheid plastic zwerafval niet. Dat meldt de Inspectie Leefomgeving en Transport (ILT) dinsdag.
( 8
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Elke maand luisteren 574 miljoen mensen naar muziek op Spotify. Daarvan betalen er 226 miljoen mensen voor de dienst, de rest heeft een gratis account met reclames. Dat blijkt uit de kwartaalcijfers van het Zweedse bedrijf (pdf).
( 9
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Viaplay heeft op het laatste moment de publicatie van zijn kwartaalcijfers uitgesteld. Het Zweedse mediabedrijf overlegt met aandeelhouders en geldschieters over zijn toekomst, want het gaat niet goed met de streamingdienst.
( 9
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De Birkin-handtassen van Hermès zijn ook in tijden van hoge inflatie ongekend populair. Vooral rijke klanten in de Verenigde Staten en Europa bleven het luxemerk trouw, waardoor Hermès zijn verkopen met 16 procent zag stijgen in het derde kwartaal.
( 8
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Booking.com lijkt last te hebben van oplichters. Via het berichtensysteem van het boekingsplatform worden nepberichten verstuurd, zo melden meerdere gebruikers.
( 9
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Als na een ramp de schade moet worden hersteld, komt de overheid gedane beloftes niet altijd na. De overheid gaat te weinig met slachtoffers in gesprek en leert niet van eerder gemaakte fouten, concludeert Nationale ombudsman Reinier van Zutphen dinsdag.
( 10
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In IJsland zijn veel vrouwen dinsdag niet aan het werk gegaan. Ook premier Katrín Jakobsdóttir legt haar werk voor een dag neer. Met de staking wordt aandacht gevraagd voor de loonkloof tussen mannen en vrouwen.
( 9
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Duitsland zal later dit jaar de op twee na grootste economie van de wereld zijn, achter de Verenigde Staten en China. Japan verdwijnt daardoor na tientallen jaren uit de top drie. Ook India klimt op de ranglijst.
( 9
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Duitsland zal later dit jaar de derde economie van de wereld zijn, achter de Verenigde Staten en China. Japan verdwijnt daardoor na tientallen jaren uit de top drie. Ook India klimt op de ranglijst.
( 9
min )
SpaceX gaat voor het eerst vier satellieten van de Europese ruimtevaartorganisatie ESA lanceren. Het gaat om navigatiesatellieten voor het navigatienetwerk Galileo. SpaceX lanceert de satellieten omdat ESA's eigen Ariane 6-raket nog niet af is.
( 9
min )
De prijs van de bitcoin lag dinsdagochtend even boven de 35.000 dollar (ruim 32.750 euro). Sinds mei 2022 was de cryptomunt niet zo veel waard als nu. Dat komt doordat er extra vraag naar bitcoin wordt verwacht.
( 8
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De prijs van de bitcoin lag dinsdagochtend even boven de 35.000 dollar (ruim 32.750 euro). Sinds mei 2022 was de cryptomunt niet zo veel waard als nu. Dat komt doordat er extra vraag naar bitcoin wordt verwacht.
( 8
min )
Richting 2030 worden grote stappen gezet in de vervanging van fossiele brandstoffen. Energieagentschap IEA schat dat vanaf dat jaar de vraag naar fossiele brandstoffen wereldwijd zal afnemen, mede doordat er dan mogelijk tien keer zoveel elektrische auto's rondrijden als nu.
( 9
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In the wake of 2022’s bear market, not many were expecting the bull market that defined the first half of the year to take place. But that was not the only surprise on offer. Also contrasting sharply with expectations set out at the start of 2023, Deutsche Bank analyst Bryan Keane notes e-commerce volumes have been “far more robust than expected,” and with all relevant metrics indicating resilience in online spending, this strength continued into 3Q23. As such, with PayPal’s (NASDAQ:PYPL) Q3 ear
( 34
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Both earnings and revenue at Verizon Communications are expected to be lower in the latest quarter than in the same period a year earlier.
( 17
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Most retirees are eligible, but some fall through the cracks due to a spotty work history or for other reasons.
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 21
min )
An "extremely bearish" technical pattern, known as a double top, has taken shape on the Magnificent 7 stocks' combined price chart, fueling fears of a selloff.
( 34
min )
(Bloomberg) -- The crown jewel of Chevron Corp.’s $53 billion acquisition of Hess Corp. is a piece of larger rival Exxon Mobil Corp.’s prized asset. Most Read from BloombergUS Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItTreasury 10-Year Yield Breaches 5% for First Time Since 2007Car Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionS&P 500 Holds Its Ground Amid Wild Treasury Moves: Markets WrapC
( 34
min )
Never one to shy away from an announcement or two, at a recent annual symposium, Plug Power (NASDAQ:PLUG) announced that it had reached an agreement with Fortescue to be the preferred supplier for 550MW PEM electrolyzers for its Gibson Island project in Brisbane, Australia. The terms of the MOU (memorandum of understanding) also stipulate that Plug and Fortescue will assess potential joint investments in projects aimed at producing green hydrogen in North America. Additionally, both parties are
( 34
min )
(Bloomberg) -- Nvidia Corp. is developing chips with Arm Holdings Plc technology that would challenge Intel Corp. processors in personal computers, Reuters reported.Most Read from BloombergTreasury 10-Year Yield Breaches 5% for First Time Since 2007US Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItS&P 500 Struggles Near Key Level; Bonds Rebound: Markets WrapAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantHostages and Hezbollah Force Israel to Ret
( 33
min )
(Bloomberg) -- Li-Cycle Holdings Corp., which is set to receive significant backing from the Biden administration, saw its share price slashed nearly in half after announcing it would pause construction on a first-of-its-kind lithium ion battery recycling plant.Most Read from BloombergTreasury 10-Year Yield Breaches 5% for First Time Since 2007US Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItS&P 500 Struggles Near Key Level; Bonds Rebound: Markets WrapAn Oil Giant Q
( 33
min )
(Bloomberg) -- Traders betting on whether VMware Inc. will successfully sell itself to Broadcom Inc. could find it harder to get out of at least part of their position after Monday. Most Read from BloombergTreasury 10-Year Yield Breaches 5% for First Time Since 2007US Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItS&P 500 Struggles Near Key Level; Bonds Rebound: Markets WrapAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantHostages and Hezbollah Fo
( 34
min )
That’s bad news for bosses who are holding on to the hope of a full office return.
( 34
min )
Tesla is under investigation by US authorities following claims the electric carmaker has been misleading customers over the driving range of its vehicles.
( 34
min )
“The economy is slowing faster than recent data suggests,” Ackman warned in a Monday post on X, formerly Twitter.
( 33
min )
Home, health, and auto insurers are using creepy new technology to jack up your premiums and deny your claims.
( 39
min )
Chevron was considered a potential buyer for Occidental, given that both companies are big players in the Permian basin.
( 17
min )
U.S. asset manager Vanguard is bullish on longer-dated Treasuries after this year's brutal selloff, betting that the Federal Reserve is at the end of its rate hiking cycle and that the economy will slow next year. Despite a "cruel summer for bond investors," long-term bonds continue to remain attractive as the economy will likely enter a shallow recession next year, the world's second-largest asset manager said in a fixed income outlook seen by Reuters. U.S. Treasury yields, which move inversely to prices, have risen sharply over the past few months, with benchmark 10-year Treasury yields trading above 5% on Monday for the first time since 2007.
( 33
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( 27
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Legendary billionaire investor Warren Buffett is widely recognized as one of the greatest financial minds of this era. Over the course of several decades, he amassed a significant fortune through shrewd investment strategies and timeless wisdom. During the 2015 Berkshire Hathaway Inc. annual meeting, Buffett shared his perspective on the curious dynamics of discussing the company's investments. He offered insights into why he refrains from "talking up" Berkshire's investments, shedding light on
( 35
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World-famous investor and Berkshire Hathaway Inc. CEO Warren Buffett has earned a reputation for his immense success in the world of finance. He is known for his straightforward and practical approach to investing, which has made him a trusted source of financial wisdom for millions. In a 2018 CNBC interview, Buffett shared insights on interest rates, stocks and investor behavior, and his advice remains relevant in today's challenging economic climate marked by inflation and rising interest rate
( 35
min )
Elon Musk, a name synonymous with space exploration, electric cars and cutting-edge technology, started his journey in a way that could be seen as unconventional even by the standards of aspiring entrepreneurs. While at Queen's University in Canada, Musk and his brother Kimbal employed an unconventional method for mentorship: cold-calling people they found intriguing. One such person was Peter Nicholson, a high-ranking executive at Scotiabank. What made this relationship interesting were the sub
( 35
min )
What happens when one company accounts for more than half of a stock index?
( 29
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The union says it's on strike at the Sterling Heights Assembly Plant in Michigan, which makes Dodge RAM 1500 pickup trucks.
( 19
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(Bloomberg) -- Leon Hess founded Hess Corp. with a secondhand truck delivering fuel oil during the depression. Ninety years later, his son, John Hess, has agreed to sell the US oil producer to Chevron Corp. in a deal that crystallizes the value of the stake controlled by the family at about $5 billion.Most Read from BloombergUS Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItTreasury 10-Year Yield Breaches 5% for First Time Since 2007Israel Latest: Oil Declines as Hos
( 33
min )
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( 19
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Shares of Li-Cycle Holdings are down more than 40% to about $1.30 after the battery recycling company said it is pausing construction on a facility in Rochester, N.Y., citing high costs.
The turbulence could impact Li-Cycle's pending agreement with the Department of Energy for a [$375 million loan]
( 24
min )
Why does a financial advisor get a fee of 1% or more? That seems really high. If my return is only 4% (for example, in dividends), I am giving away 25% of my return, which is even worse with a … Continue reading → The post Ask an Advisor: ‘I Am Giving Away 25% of My Return.' Why Does a Financial Advisor Earn a 1% Fee, Even in a Bear Market? appeared first on SmartAsset Blog.
( 35
min )
Is Nio (NYSE:NIO) planning to become more self-sufficient? Last week, Anhui Jianghuai Automobile Group (JAC) announced plans to sell factory assets with a net book value worth of RMB 4.2 billion (~$574 million) and an evaluated value of about RMB 4.5 billion (~$615 million). Amongst the assets are two factories where it manufactures vehicles for Nio. While no buyer of the assets has yet to be confirmed, according to the rumor mill, the Chinese EV maker might be eyeing a purchase of the assets al
( 34
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Converting a rental property into a primary residence is a significant financial move with potential tax implications that necessitate careful planning. By leveraging tools like Section 121 of the IRS code and 1031 exchanges, homeowners can navigate the complexities of this process. However, understanding the intricacies of these laws is crucial. Here’s how to convert […] The post How to Convert Rental Property to a Primary Residence appeared first on SmartReads by SmartAsset.
( 37
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The crop protection company cited lower sales volumes in Latin America as a reason for lowering estimates.
( 15
min )
Fisker is the latest electric-vehicle maker to cut prices for its cars. Its stoock is slumping.
( 19
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Pinterest upgraded, Salesforce downgraded: Wall Street's top analyst calls
( 35
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Chevron agrees to buy fellow oil company Hess for $53 billion in an all-stock deal. Including debt, the transaction is valued at $60 billion.
( 19
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Few sizable targets remain in the most coveted U.S. shale basin after the oil supermajors’ mega acquisitions, setting off a scramble for what is left.
( 28
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The yield on the 10-year Treasury has reached 5% for the first time since 2007. Treasury yields have been climbing rapidly, with the 10-year yield rallying from less than 3.50% during the spring and from just 0.50% early in the pandemic. Monday morning, the yield on the 10-year Treasury was at 4.96% after hitting 5.02% earlier.
( 35
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The stock market has finally begun recovering from the worst bear market since 2008, with the S&P 500 index rising by nearly 12% year to date. The tech sector boasted a stellar recovery after a brutal rout last year, as evidenced by the Nasdaq Composite Index's 26% gain so far this year. But the market volatility is far from over. The Federal Reserve's decision to raise interest rates at least once again this year and the growing geopolitical tensions globally have resulted in volatility levels
( 35
min )
Jensen Huang cofounded and leads one of the world’s most valuable firms.
( 34
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Textainer shares surge. The shipping-container lessor is being acquired for $2.1 billion.
( 15
min )
CEO Elon Musk said at Tesla's earnings call earlier this month that the company was hesitating on its plans for a factory in Mexico as it grapples with a turbulent economic outlook. He warned that rising interest rates could impact demand at Tesla, which has turned to a margin-sapping price war this year to maintain sales. Tesla's shares were down 1.2% in premarket trading in a broadly weaker market.
( 33
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Chevron is buying Hess Corp. for $53 billion as the biggest U.S. oil companies use a recent windfall in profits to buy up smaller competitors. The Chevron-Hess deal comes less than two weeks after Exxon Mobil said it would acquire Pioneer Natural Resources for about $60 billion.
( 32
min )
Oil prices have slumped by 2pc today as investors bet on a delay to Israel’s ground invasion of Gaza.
( 32
min )
The all-stock deal is the latest sign of consolidation in an oil-and-gas industry flush with cash.
( 27
min )
(Bloomberg) -- The 10-year Treasury yield crossed 5% for the first time in 16 years, propelled by expectations the Federal Reserve will maintain elevated interest rates and that the government will further boost bond sales to cover widening deficits.Most Read from BloombergUS Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionCar Owners Fall Behind on Payments at Highest Rate on RecordSaudi Arabia Mulls Buyi
( 33
min )
Chevron agrees to buy fellow oil company Hess for $53 billion in an all-stock deal. Including debt, the transaction is valued at $60 billion.
( 16
min )
Swiss pharmaceutical company Roche said it has agreed to buy immunology company Telavant Holdings from Roivant Sciences and Pfizer for $7.1 billion.
( 15
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(Bloomberg) -- Chevron Corp. agreed to buy Hess Corp. in a deal worth $53 billion, the latest major consolidation in the US oil industry. Most Read from BloombergUS Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionCar Owners Fall Behind on Payments at Highest Rate on RecordSaudi Arabia Mulls Buying Dassault Combat Jets, Tribune SaysModerna Shaves Off $7 Billion in Value After Pfizer WarningIn an all-stock
( 33
min )
Chevron will buy Hess in all-stock deal valued at $53 billion, Roche agrees to buy a developer of a drug for people suffering from inflammatory bowel disease from Roivant and Pfizer, Textainer is being acquired for about $2.1 billion, and Microsoft and Alphabet lead a busy earnings week.
( 22
min )
Banks that are big but not huge, such as KeyCorp, Citizens and Truist, reported big profit declines.
( 28
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Wealth means different things to different Americans. We'll look at five numbers that define wealth in recent surveys and studies.
( 34
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Chevron Corp said on Monday it will buy smaller rival Hess Corp in a $53-billion all-stock deal. Chevron is offering $171 for every Hess share, implying a premium of about 4.9% to the share's last close. CEO John Hess of Hess Corp, is expected to join Chevron's board of directors once the deal closes, the companies said in a statement.
( 32
min )
Israel bombarded Gaza with air strikes overnight, with Prime Minister Benjamin Netanyahu convening a meeting of his top generals and his war cabinet to assess the escalating conflict. These rising tensions, along with surging bond yields on higher rates expectations pulled the Wall Street lower last week, with the S&P 500 falling 1.26% and the Cboe Volatility index closing at its highest since March 24. Yield on the 10-year benchmark Treasury note continued to hover around 5%, the mark it briefly breached last week after Federal Reserve Chair Jerome Powell said that U.S. economy's resilience and tight labor market could warrant further rate hikes.
( 34
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Chevron Corp said on Monday it will acquire Hess Corp in a $53-billion all-stock deal.
( 32
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We’re finally in the homestretch of 2023. The year’s end is in sight – but the only certainty is that uncertainty is here to stay with the headwinds piling up faster than ever. Check off those headwinds one by one: The Federal Reserve has indicated that it will likely hold interest rates higher for longer, due to persistently high inflation. In geopolitics, China keeps rattling its saber at Taiwan, Russia’s Ukraine war keeps grinding on, and the Middle East has erupted into an open battle betwee
( 37
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(Bloomberg) -- Copper tumbled to the lowest in nearly eleven months, offering fresh evidence that soaring borrowing costs and slower spending are beginning to bite in all corners of the industrial economy.Most Read from BloombergUS Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionCar Owners Fall Behind on Payments at Highest Rate on RecordSaudi Arabia Mulls Buying Dassault Combat Jets, Tribune SaysModerna
( 33
min )
(Bloomberg) -- Roche Holding AG said it will pay $7.1 billion to acquire Telavant Holdings, Inc. in a bid to shore up its pipeline of experimental medicines.Most Read from BloombergUS Push for Release of Hostages Delays Israeli Ground War, But Won’t Stop ItIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionCar Owners Fall Behind on Payments at Highest Rate on RecordSaudi Arabia Mulls Buying Dassault Combat Jets, Tribune SaysModerna Shaves Off $7 Billion in Value After Pfizer Warning
( 33
min )
John Lynes was one of the first to notice when companies slowed hiring. His recruitment firm, Ashdown Group, was seeing 100 applicants per job at the start of the year. Now he sees 150 on average – a 50pc rise.
( 35
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(Bloomberg) -- A Bitcoin rally fueled by optimism about fresh demand from exchange-traded funds may have further to run if history is any guide.Most Read from BloombergUS Push for Release of Hostages Delays Israeli Ground War, But Won’t Stop ItIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionCar Owners Fall Behind on Payments at Highest Rate on RecordSaudi Arabia Mulls Buying Dassault Combat Jets, Tribune SaysModerna Shaves Off $7 Billion in Value After Pfizer WarningThe largest d
( 33
min )
(Bloomberg) -- China’s gauge of tech equities fell to the lowest since its inception more than three years ago as investors’ confidence in the sector wanes amid concerns higher US rates will hurt demand for growth stocks everywhere. Most Read from BloombergIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionUS Push for Release of Hostages Delays Israeli Ground War, But Won’t Stop ItCar Owners Fall Behind on Payments at Highest Rate on RecordSaudi Arabia Mulls Buying Dassault Combat J
( 33
min )
Dutch health technology company Philips on Monday raised its full-year outlook as it beat analyst expectations with a more than doubling of third-quarter core profit to 457 million euros ($483.3 million). Analysts in a company-compiled poll on average had predicted adjusted earnings before interest, taxes and amortisation (EBITA) in July-September would rise to 389 million euros from 209 million euros the year before. Philips said it now expected 6% to 7% comparable sales growth over 2023, with a profit margin (adjusted EBITA) of 10%-11%.
( 32
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The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk's Wegovy presents opportunities for food manufacturers and the market's initially downbeat reaction may be overdone, investors say. When Walmart said this month that it saw a slight pullback in food consumption when people took the medication, it sparked a sell off in shares of companies including Nestle, the world's biggest packaged food maker. "It feels like quite an overreaction," said Aviva portfolio manager Richard Saldanha.
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min )
Asian shares were lower on Monday as higher risks of broader conflict in the Middle East clouded market sentiment and bond yields further pressured stocks. U.S. futures rose while oil prices fell back. Israel announced its intention on Saturday to step up its attacks on the Gaza Strip in preparation for the next stage of its war on Hamas.
( 35
min )
It's been a cautious start to the week in Asia as markets wait to see when, or whether, Israel will launch a ground invasion of Gaza, and bonds continue their vicious sell-off. Israel's military continued to bomb Gaza on Sunday and clashed with Iran-backed Hezbollah on the border with Lebanon. The leaders of the United States, Canada, France, Germany, Italy and Britain on Sunday underscored their support for Israel and its right to defend itself, but also urged it to adhere to international humanitarian law and protect civilians.
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min )
(Bloomberg) -- For a fleeting moment this month, investment bankers in leveraged finance — the lucrative lending that oils the wheels of M&A and feeds the $1.3 trillion market for collateralized loan obligations — had rare cause for cheer. Company valuations were enticingly low for dealmakers, the US Fed looked closer to reversing punishing rate hikes, loans were getting done.Most Read from BloombergIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionUS Push for Release of Hostages D
( 37
min )
(Bloomberg) -- Shares of Samsung Electronics Co. are on track to underperform those of its smaller memory-chip rival SK Hynix Inc. by the most in a decade as investors bet the latter will be the winner in artificial intelligence.Most Read from BloombergIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionCar Owners Fall Behind on Payments at Highest Rate on RecordUS Push for Release of Hostages Delays Israeli Ground War, But Won’t Stop ItSaudi Arabia Mulls Buying Dassault Combat Jets,
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min )
(Bloomberg) -- Hon Hai Precision Industry Co. fell its most in more than three months after Beijing launched a series of investigations into its operations in China, targeting a key Apple Inc. supplier and one of the country’s largest employers.Most Read from BloombergIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionCar Owners Fall Behind on Payments at Highest Rate on RecordUS Push for Release of Hostages Delays Israeli Ground War, But Won’t Stop ItSaudi Arabia Mulls Buying Dassa
( 33
min )
(Bloomberg) -- Hon Hai Precision Industry Co. fell its most in more than three months after Beijing launched a series of investigations into its operations in China, targeting a key Apple Inc. supplier and one of the country’s largest employers.Most Read from BloombergIsrael Latest: More Aid Trickles Into Gaza as Death Toll RisesCar Owners Fall Behind on Payments at Highest Rate on RecordUS Push for Release of Hostages Delays Israeli Ground War, But Won’t Stop ItModerna Shaves Off $7 Billion in
( 33
min )
It is now 52% more expensive to buy a home than to rent one because of climbing mortgage rates.
( 31
min )
Kevin Paffrath slammed Elon Musk's comments on Tesla's third quarter earnings call in an interview with Yahoo Finance this week.
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min )
(Bloomberg) -- Japan’s era of negative interest rates will end in coming months, and the implications for world markets will be enormous, with US Treasuries set to suffer the most, according to the latest Bloomberg Markets Live Pulse survey.Most Read from BloombergIsrael Latest: More Aid Trickles Into Gaza as Death Toll RisesCar Owners Fall Behind on Payments at Highest Rate on RecordModerna Shaves Off $7 Billion in Value After Pfizer WarningSaudi Arabia Mulls Buying Dassault Combat Jets, Tribun
( 34
min )
Nederland kent bijna tweehonderd bedrijven die wijn maken. Dat is 43 procent meer dan vijf jaar geleden, blijkt uit cijfers van de Kamer van Koophandel (KVK). Bijna de helft van de wijnboeren komt uit Limburg of Gelderland.
( 9
min )
Het overheidsloket waar zorgpersoneel met langdurige coronaklachten een tegemoetkoming kon aanvragen, is maandagmiddag gesloten. Zondagavond hadden 884 zorgmedewerkers een vergoeding van 15.000 euro aangevraagd, meldt het ministerie van Volksgezondheid aan NU.nl.
( 9
min )
Europese plannen om online kindermisbruik op te sporen door chatdiensten te scannen, stuiten op veel kritiek van experts. Zij waarschuwen in gesprek met het Europees Parlement voor grove privacyschendingen. Ook zitten er veel haken en ogen aan de technische haalbaarheid.
( 10
min )
De goudprijs is afgelopen weekend tot een recordhoogte van 60.050 euro gestegen. Nooit eerder werd zoveel geld geboden voor 1 kilo goud. Het edelmetaal is in trek bij beleggers als veilige haven in economisch roerige tijden.
( 8
min )
Via de Rotterdamse haven zijn dit jaar tot dusver flink minder kolen vervoerd dan in dezelfde periode in 2022. Ook de aanvoer van Russische olie was beduidend lager.
( 9
min )
Een Chinese oud-medewerker van de Veldhovense chipmaker ASML heeft vorig jaar bedrijfsgeheimen gestolen. Daarna werkte hij een tijdje bij het Chinese techbedrijf Huawei, schrijft NRC op basis van ingewijden.
( 9
min )
De Chinese autoriteiten zijn een onderzoek gestart bij iPhone-producent Foxconn. Er worden volgens de Chinese staatskrant Global Times belastingcontroles uitgevoerd. Daarnaast inspecteert China het grondgebruik van het assemblagebedrijf.
( 8
min )
Jaarlijks sluizen bedrijven via Nederland tussen de 100 en 180 miljard dollar (94 tot 170 miljard euro) winst weg om belasting te ontwijken. Samen met Ierland is ons land daarmee koploper wereldwijd. Dat meldt onderzoeksinstituut EU Tax Observatory.
( 11
min )
De stemming onder consumenten was in oktober wat minder pessimistisch dan een maand eerder. In september werden ze ook al iets minder somber.
( 8
min )
De inkomsten bij Philips waren afgelopen kwartaal ondanks aanhoudende problemen met slaapapneuapparaten beduidend hoger dan een jaar eerder. Voor dit jaar heeft het bedrijf dan ook zijn winstverwachting verhoogd.
( 9
min )
NU.nl kiest elke dag een actueel onderwerp waarover je uitgebreid met medelezers van gedachten kunt wisselen. Uit onderzoek blijkt dat het Nederlandse pensioenstelsel al jaren tot een van de beste stelsels hoort. Hoe regel jij je pensioen? En als je zzp'er bent: zet jij er geld voor opzij, of ben je er nog niet mee bezig?
( 8
min )
Evolutionary economics proposes that economic processes evolve and are determined both by individuals and society as a whole.
( 20
min )
Your Social Security benefits will be bigger if you wait until your full retirement age or later, but sometimes collecting them early makes sense.
( 27
min )
The Bank Panic of 1907 was a set of bank runs and bankruptcies that led industry leaders to draft the first version of the Federal Reserve System.
( 27
min )
The yield on benchmark 10-year U.S. Treasury note breached 5% for the first time since July 2007 before retreating Monday, whipsawing stocks in the process.
( 18
min )
Most retirees are eligible, but some fall through the cracks due to a spotty work history or for other reasons.
( 29
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 19
min )
In this article, we'll show you how to read the GNP map and how it's still a useful tool in measuring a nation's economic development and overall demand.
( 25
min )
The S&P 500 dropped 0.2% on Monday, Oct. 23, 2023, recovering from the day's lows after an initial spike in bond yields sent stocks tumbling early in the session.
( 16
min )
Microsoft is investing $3.2 billion in cloud computing and AI infrastructure in Australia.
( 17
min )
A joint brokerage account allows multiple individuals to pool their resources and invest together. Learn about the benefits and drawbacks of this type of account.
( 26
min )
FMC shares fell to their lowest level since 2017 as the agricultural sciences company cut its third-quarter, current-quarter, and full-year guidance.
( 17
min )
United Auto Workers (UAW) members reached a tentative agreement with General Dynamics, preventing another strike, as the union's actions against the Big Three automakers continue.
( 17
min )
Food insecurity is a problem in the US and abroad. Households that struggle to afford enough food may cut back spending elsewhere, which can have knock-on effects on the market.
( 24
min )
Federal withholding rules are consistent and Social Security and Medicare are also withheld at the federal level, but state withholding rules vary.
( 23
min )
Learning how to invest for your short and long-term goals is critical for your financial future. Let us guide you on the different routes you can take for your future.
( 20
min )
Learn how cost-of-living adjustments are or are not added to salaries to offset the effects of inflation or relocating to a costlier city.
( 24
min )
The Employment Cost Index (ECI) is a quarterly economic series that measures the growth of total employee compensation.
( 22
min )
Automaker Tesla has stated in a disclosure filing that its capital expenditures are set to exceed a previous $9 billion target.
( 17
min )
Get ahead of the curve and follow our guide to learn how to use artificial intelligence in your investing. Utilize automated technology to help your portfolio grow.
( 23
min )
Roivant agreed to sell its Telavant joint venture with Pfizer to Roche for $7.1 billion.
( 17
min )
Getting free financial advice can help those who are struggling to get their finances in order but can’t afford an expert. Learn how to get financial advice for free.
( 22
min )
All states have laws that apply to home equity loans. In this article, we’ll explain why.
( 24
min )
Don't let high healthcare expenses derail your retirement plans.
( 26
min )
President Joe Biden's administration named 31 communities across the country as Innovation and Tech Hubs, to support regional economic growth.
( 17
min )
Japan's anti-competitive watchdog launched a probe into Google's use of its influence to prioritize its own search engine and apps.
( 17
min )
The S&P 500, Nasdaq, and Dow rebounded from earlier losses to turn positive at midday on Monday, Oct. 23, 2023, as the 10-year Treasury note yield retreated after hitting 5%.
( 16
min )
The United Auto Workers union called on members to walk out of the largest Stellantis plant, having said that Stellantis was "deficient" in meeting cost-of-living-adjustment demands, as the union's strike against the Big Three continues.
( 17
min )
If you plan to retire within the next 10 years, you still have time to boost your 401(k) contributions and make other moves to increase your savings.
( 29
min )
American depositary receipts of Philips advanced as the health technology firm posted better-than-expected results and raised its outlook on improved operational performance.
( 17
min )
You can have a reverse mortgage in either the U.S. or Canada. Here are the key differences.
( 24
min )
I raced to tell my parents to apply for the Capital One Venture X Business credit card. Now, they’re earning more travel rewards and paying a smaller annual fee than with their previous card.
( 20
min )
Many new traders treat the market like a casino, placing unwise bets and hoping for the big win.
( 26
min )
Chevron agreed to buy Hess for $53 billion in an all-stock deal, the latest acquisition in a string of blockbuster oil deals amid industry consolidation.
( 17
min )
The Medicare Catastrophic Coverage Act of 1988 (MCCA) was a government bill designed to improve acute care benefits for the elderly and disabled. It was repealed.
( 24
min )
A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on your income.
( 30
min )
Spread betting refers to speculating on the direction of a financial market without actually owning the underlying security.
( 24
min )
A gambling loss is a loss resulting from risking money or other stakes on games of chance or wagering events with uncertain outcomes.
( 24
min )
You've probably heard that ETFs are better than mutual funds, but you need to consider all aspects before investing. Learn them here.
( 25
min )
If home prices rise, you might be able to refinance your reverse mortgage but the costs are high.
( 25
min )
Learn about some of the leveraged exchange-traded funds (ETFs) that investors can use to track the banking industry within the financial sector.
( 20
min )
Learn about common bank ETFs, and find out which ones focus on the international financial sector, big banks, regional banks and community banks.
( 20
min )
You contribute money to your FSA throughout the year, but you might have some left at the end of the year. Find out how you can spend it.
( 25
min )
Borrower defense is a federal regulation that allows students who have been defrauded by their colleges to seek forgiveness for their student loans.
( 24
min )
Maintenance margin requirements are more stringent when buying non-traditional ETFs on margin.
( 22
min )
Marginalism is an economic principle that decisions and adjustments to economic behavior occur incrementally rather than categorically. Learn how it works.
( 27
min )
Articles of association form a document that specifies the regulations for a company's operations and defines the company's purpose.
( 23
min )
Property Appraisal and Valuation Equity (PAVE) is a set of guidelines for removing bias or discrimination from the home appraisal process.
( 26
min )
ETF Liquidity Is Determined by Primary Market Creations and Redemptions, as Well as Secondary Market Volume and Bid-Ask Spreads on Exchanges.
( 32
min )
Learn how ETFs have become the most popular investment vehicle in less than 20 years.
( 23
min )
You can arrange a home equity loan yourself, or use a broker. In this article, we’ll compare the two approaches.
( 22
min )
An active managed ETF is a form of exchange-traded fund that has a manager or team making decisions on the underlying portfolio allocation.
( 22
min )
Discover the advantages of bond ETFs, a security that tracks bond index funds but trades like a stock.
( 21
min )
Bond ETFs are very much like bond mutual funds in that they hold a portfolio of bonds that have different strategies and holding periods.
( 26
min )
Most lenders won't go below $35,000 for a home equity loan. In this article, we'll explain the alternatives.
( 23
min )
VIX ETFs can be somewhat difficult to understand, but they also offer the potential for great returns.
( 24
min )
Exchange-traded notes are structured a bit differently than exchange-traded funds but still have certain similarities. Here are the key differences.
( 21
min )
An airline industry ETF tracks the performance of a group of stocks of airline companies.
( 21
min )
A work-in-progress (WIP) is a partially finished good awaiting completion and includes such costs as overhead, labor, and raw materials.
( 27
min )
Learn how the benefits of ETFs for hedging are numerous and can be enjoyed by investors of all sizes.
( 23
min )
Pigou effect is a term in economics referring to the relationship between consumption, wealth, employment, and output during periods of deflation.
( 25
min )
If you have a savings account or certificate of deposit, you’re probably not making much more than 1% each year from interest.
( 25
min )
Nvidia shares tumbled almost 9% this week after U.S. government officials announced more stringent curbs on exports of advanced AI chips to China, dragging down many technology-centric ETFs that are heavily exposed to the chipmaker.
( 17
min )
TikTok is one of the most popular video-sharing and social media apps in the world.
( 30
min )
High-net-worth investors under the age of 45 are waiting until major life events such as buying a home to seek help from a financial advisor, and are more likely to find advisors on social media, according to a Dynasty Connect survey.
( 18
min )
Nokia (NOK) ended a challenging quarter in which profit plunged almost 70% as customers took out fewer subscriptions in a tough economy with rising interest rates.
( 19
min )
An indirect tax is passed off to the consumer as part of the purchase price of a good or service. Learn how indirect taxes work and when you may face them.
( 24
min )
For individuals and businesses, income means the money that they receive for their labor or products. Each type of income has its own tax regulations.
( 27
min )
Refinancing a car loan can lower your interest rate and monthly payment, adjust your repayment term, or even allow you to access some of the equity.
( 26
min )
There are thousands of ETFs available to investors today. How do theme ETFs help narrow the list of options?
( 25
min )
In contrast to some housing market doomsayers, Steve Eisman, who foresaw the 2007–2008 US housing crisis and whose exploits in profiting from the bubble’s collapse were documented in the Big Short, believes there is no impending housing crisis on the horizon. Instead, Eisman is basing his current investing strategy on a thesis he calls “revenge of the old school,” and is venturing into bonds for the first time in his career and acquiring stocks from traditional, established industries, all in an
( 36
min )
(Bloomberg) -- T. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years. At Franklin Resources Inc., the latest member of a billionaire family to run the firm is trying to reverse a nearly uninterrupted 20-quarter losing streak. Across the Atlantic, the chief of Abrdn Plc has reached a blunt conclusion: merely managing mutual funds isn’t enough of a business any more.Most Read from BloombergIsrael Latest: More Aid Trickles into Gaza as Death Toll RisesCar Owners Fall Be
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(Bloomberg) -- The yen briefly weakened beyond 150 against the dollar again in early Asian trading on Monday as the wide yield gap between Japan and the US continued to weigh on the currency, keeping traders on guard against possible intervention from authorities in Tokyo. Most Read from BloombergIsrael Latest: More Aid Trickles into Gaza as Death Toll RisesCar Owners Fall Behind on Payments at Highest Rate on RecordModerna Shaves Off $7 Billion in Value After Pfizer WarningSaudi Arabia Mulls Bu
( 34
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(Bloomberg) -- Asian stocks are set to fall in early trading as the rout in US stocks and Treasuries deepened amid geopolitical angst and worries global interest rates will stay elevated for longer. Most Read from BloombergIsrael Latest: More Aid Trickles into Gaza as Death Toll RisesCar Owners Fall Behind on Payments at Highest Rate on RecordModerna Shaves Off $7 Billion in Value After Pfizer WarningSaudi Arabia Mulls Buying Dassault Combat Jets, Tribune SaysIsrael Says Hezbollah Dragging Leban
( 34
min )
The third front in UAW's war on auto makers is a risky strategy.
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min )
(Bloomberg) -- It’s a busy week for earnings, with Exxon Mobil Corp., Chevron Corp., TotalEnergies SE and Eni SpA kicking off Big Oil’s reporting season. In metals, the world’s top gold producer Newmont Corp. and No. 3 Agnico Eagle Mines Ltd. also post results in the days ahead, while crop traders Archer-Daniels-Midland Co. and Bunge Ltd. headline agriculture companies.Most Read from BloombergIsrael Latest: More Aid Trickles into Gaza as Death Toll RisesCar Owners Fall Behind on Payments at High
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Prices at the pump might fall as low as $3.25 by the end of 2023 amid seasonal shifts and overproduction, experts told Insider.
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Your usual host Kirsten was shredding off-road at the Rebelle Rally this week, so I'll be taking over the newsletter. In its eighth year, the Rebelle has become a proving ground of sorts for the 65 all-women teams who participate as well as stock manufacturer vehicles. There were 10 vehicles out of the 65 that fell into the electrified category such as the Jeep Wrangler Rubicon 4xe.
( 38
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Investors are staring down a big week for corporate earnings with reports due from Amazon, Microsoft and Google, as well as Ford and GM with the UAW strike against the automakers dragging on.
( 34
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Third-quarter earnings from Big Tech, auto makers, and more. Plus, a first look at GDP growth and the Federal Reserve's preferred inflation measure.
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Nvidia shares tumbled almost 9% this week after U.S. government officials announced more stringent curbs on exports of advanced AI chips to China, dragging down many technology-centric ETFs that are heavily exposed to the chipmaker.
( 17
min )
(Bloomberg) -- Hyundai Motor Co. has agreed a deal with Saudi Arabia’s sovereign wealth fund to develop a more than $500 million car assembly plant, joining electric vehicle maker Lucid Motors Inc. in producing cars in the oil-rich kingdom.Most Read from BloombergCar Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Blinken Warns Iran’s Proxies on US Troop StrikesModerna Shaves Off $7 Billion in Value After Pfizer WarningIsrael Says Hezbollah Dragging Lebanon Toward War as T
( 33
min )
Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.
( 37
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Tesla’s future includes being an auto parts company, according to RBC’s Tom Narayan.
( 21
min )
Earnings season will turn up the volume dial next week when several of the tech giants enter the fray. Amongst them will be Microsoft (NASDAQ:MSFT), who will step up to deliver its fiscal first quarter of 2024 (September quarter) report on Tuesday (Oct 24) once the market action comes to a close. While Microsoft’s headline metrics beat expectations in the June quarter report, investors were left disappointed by the slowdown in cloud service Azure’s revenue growth. Looking ahead to the print, Mor
( 34
min )
(Bloomberg) -- After the most aggressive monetary-tightening campaign in four decades, academics and economic practitioners are running autopsies on what could have prevented the cost-of-living crisis and how to ensure the same mistakes won’t be repeated.Most Read from BloombergCar Owners Fall Behind on Payments at Highest Rate on RecordModerna Shaves Off $7 Billion in Value After Pfizer WarningWeb Summit CEO Cosgrave Quits After Israel ControversyIsrael Latest: Gaza Aid Called Inadequate as New
( 36
min )
(Bloomberg) -- A growing number of asset managers is reassessing bond values tied to real assets, as a spike in the frequency of flash floods, fires and storms hits conventional pricing models.Most Read from BloombergCar Owners Fall Behind on Payments at Highest Rate on RecordModerna Shaves Off $7 Billion in Value After Pfizer WarningWeb Summit CEO Cosgrave Quits After Israel ControversyIsrael Latest: Gaza Aid Called Inadequate as New Convoy ArrivesIsrael Latest: Gaza Air Strikes to Intensify Be
( 34
min )
One in four married couples leaves valuable retirement funds on the table by failing to claim employer matches in their 401 (k) plans, a study finds.
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Nokia (NOK) ended a challenging quarter in which profit plunged almost 70% as customers took out fewer subscriptions in a tough economy with rising interest rates.
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min )
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An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. The landmark agreement, brokered by the Organization for Economic Cooperation and Development, set a minimum global corporate tax of 15%. The idea was to stop multinational corporations, among them Apple and Nike, from using accounting and legal maneuvers to shift earnings to low- or no-tax havens.
( 34
min )
A slide in Tesla shares suggested traders have little patience for disappointing results.
( 28
min )
Every investor wants to get the best returns, and that means building a portfolio based on the best stocks. The only ‘trick’ to succeeding in the market is knowing how to find those stocks – but it’s quite a trick, since the reams of data generated by thousands of traders dealing in thousands of stocks makes an imposing barrier. Fortunately, investors can turn to the Smart Score tool, an AI-driven algorithm created by TipRanks that gathers, sorts, and collates the real-time data from millions of
( 36
min )
Rolls-Royce, the FTSE 100 engineering giant, is facing a potential legal claim from investors worth at least £350m after a bribery and corruption scandal wiped millions of pounds from the company’s value.
( 34
min )
(Bloomberg) -- Some of the biggest money managers in Europe say traders are wrong to bet the European Central Bank is done hiking interest rates. Most Read from BloombergCar Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Gaza Air Strikes to Intensify Before ‘Next Stage’Moderna Shaves Off $7 Billion in Value After Pfizer WarningWeb Summit CEO Cosgrave Quits After Israel ControversyIntel, Siemens Pull Out of Web Summit After Israel RemarksAs a net energy importer, the regio
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min )
De failliete winkelketen Big Bazar maakt geen doorstart. Dat hebben curatoren in een mededeling aan het personeel laten weten.
( 10
min )
De Europese Commissie overweegt het prijsplafond voor aardgas in de Europese Unie langer in stand te houden, zeggen bronnen tegen zakenkrant Financial Times. Door de oorlog in Israël vreest de commissie dat de gasprijs deze winter opnieuw flink kan stijgen.
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min )
Afgelopen week werd duidelijk dat ons pensioenstelsel nog altijd het beste van de wereld is. Al jaren staat Nederland aan de top, maar wat maakt die Nederlandse pensioenen nu zo sterk? En wat is minder goed geregeld?
( 10
min )
De overheid moet de regie nemen in de strijd tegen witwassen. Dat zegt een brede coalitie uit het bedrijfsleven. Door wet- en regelgeving kan het bedrijfsleven vaak zijn rol als poortwachter van het financieel stelsel niet uitvoeren, vinden ze.
( 8
min )
De Tweede Kamer stemt dinsdag over een aanpassing van de inlichtingenwet. Daarmee moeten de inlichtingendiensten meer ruimte krijgen om internetverkeer te onderscheppen. "We zijn niet geïnteresseerd in het Netflix-gedrag van uw buurman", zegt demissionair minister Hugo de Jonge. Toch klinkt er kritiek.
( 10
min )
Het Nederlandse stroomnet is overvol. Dat maakt het moeilijk om een bedrijf te beginnen dat veel stroom nodig heeft. Er staan nu 6.600 bedrijven op een wachtlijst voor een aansluiting op het netwerk, en de krapte zal nog jaren aanhouden. Hoe zit dat?
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NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Vandaag gaat het over de verwarming. Na een lange nazomer werd het afgelopen week zo koud dat in veel huishoudens de verwarming weer werd aangezet. Heb jij dit al gedaan of juist niet? En heb je zelf nog tips om energie te besparen?
( 8
min )
Trading in the financial markets can spark feelings that can lead to trading addiction.
( 26
min )
Investing and gambling both involve risk and choice—specifically, the risk of capital with hopes of future profit. But the odds are against gamblers from the start and usually increase over time, while investors can mitigate risk and usually profit in the long-term.
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min )
You can use a custodial account to open a CD for a child. In this guide, we'll show you how.
( 24
min )
In game theory, backward induction is the process of deducing backward from the end of a problem or scenario to infer a sequence of optimal actions. See how it works.
( 24
min )
Both CDs and annuities offer a low-risk, low-return way of investing. However, there are some important differences between these financial products.
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min )
In this guide, we’ll show you how to calculate your home equity loan payments.
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min )
Rapper and singer Drake has made millions from successful albums and concert tours, while also amassing a fortune from business ventures such as his own record label, and liquor brand, and lucrative endorsement deals with major brands like Nike.
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Though there are certainly some differences, American and Canadian investors have more in common than not.
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Due to the rise in reported crypto scams, being aware of common types and ways to protect yourself from them is more important than ever.
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min )
Employer-sponsored health care premiums jumped in 2023 as persistent high inflation affects medical costs.
( 17
min )
A mortgage note is a legal document for the loan contract between the lender and borrower when purchasing real estate.
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Investing and gambling both involve risk and choice—specifically, the risk of capital with hopes of future profit. But the odds are against gamblers from the start and usually increase over time, while investors can mitigate risk and usually profit in the long-term.
( 27
min )
Warren Buffett was worth $500 million when he sat down with for his first-ever national TV interview with PBS in 1985.
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Welcome, folks, to Week in Review (WiR), TechCrunch's regular newsletter that highlights notable tech industry happenings over the past few days. Life moves pretty fast, as a young Matthew Broderick once said -- we empathize. In this edition of WiR, we cover a hacker leaking millions of 23andMe customer records, X's crackdown on porn, Meta's Ray-Ban sunglasses and Marc Andreessen's tone-deaf manifesto.
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(Bloomberg) -- The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed. Most Read from BloombergCar Owners Fall Behind on Payments at Highest Rate on RecordModerna Shaves Off $7 Billion in Value After Pfizer WarningWeb Summit CEO Cosgrave Quits After Israel ControversyIsrael Latest: Gaza Air Strik
( 37
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(Bloomberg) -- A surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say.Most Read from BloombergCar Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Gaza Air Strikes to Intensify Before ‘Next Stage’Intel, Siemens Pull Out of Web Summit After Israel Re
( 34
min )
(Bloomberg) -- Banks are reviving the sale of credit-linked notes, a type of synthetic securitization that’s been relatively uncommon in the US since the financial crisis, ahead of new rules that will require them to hold more regulatory capital.Most Read from BloombergCar Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Gaza Air Strikes to Intensify Before ‘Next Stage’Moderna Shaves Off $7 Billion in Value After Pfizer WarningWeb Summit CEO Cosgrave Quits After Israel Cont
( 36
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Are we on the brink of a "housing recession" as existing home sales plummet to 2010 levels? Zillow is doubling down on its prediction on home prices.
( 34
min )
Canada is making significant strides in developing its first LNG export facility, with the potential to boost North America's LNG supply chain.
( 35
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Humanitarian aid arrived in Gaza for the first time Saturday since the attacks in Israel by Hamas earlier this month.
( 17
min )
Tech hubs: Which cities are at the top of the heap as far as technology workforces and skills?
( 25
min )
Millions of people turning on air conditioners have prompted China to import record amounts of coal to support its electricity grid.
( 33
min )
Over half of professionals told Glassdoor in a new survey that they wouldn’t boomerang back to a job they were laid off at.
( 33
min )
(Bloomberg) -- Venezuela has an opportunity to resuscitate the linchpin of its economy — oil — now that punishing US sanctions have been relaxed. The surprise move on Oct. 18 allows international companies to apply the full weight of their expertise and technology to crude fields and infrastructure that atrophied amid years or underinvestment, civil turmoil and international isolation. Most Read from BloombergCar Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Gaza Air Str
( 34
min )
China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People's Bank of China Governor Pan Gongsheng said in a report published on Saturday. The central bank will make its policy more "precise and forceful", while guiding financial institutions to cut real lending rates and reducing financing costs for firms and individuals, Pan said in the report published on the bank's website. Pan said efforts would be made to activate the capital markets and boost investor confidence.
( 32
min )
The police raid comes as Beijing takes an increasingly tough stance on foreign businesses.
( 27
min )
Chinese Vice-Premier Ding Xuexiang and Apple CEO Tim Cook have met in Beijing, with both committing to Apple's participation in developing the country's digital economy and hi-tech supply chain, as the US tech giant attempts to shift its China narrative amid controversies over national security and censorship. After a quiet start, Cook's surprise China trip has ramped up over the past few days, to include meetings with Ding and other high ranking officials such as Ministry of Industry and Inform
( 34
min )
TikTok is rife with influencers advising parents give their children access to credit—but many aren’t being clear about the downside risk.
( 35
min )
JPMorgan, Christie's and LiveArt weigh in on why the asset of art is so powerful—but the pitfalls to be wary of.
( 36
min )
One report found that 80% of seniors will need long-term care. Less than 4% of Americans have long-term care insurance.
( 24
min )
United Auto Workers President Shawn Fain says automakers still have “more to give” in contract talks.
( 30
min )
Israel's past conflicts have rarely resulted in major turmoil for oil markets, JPMorgan wrote.
( 34
min )
Rising yields have put a damper on the stock market. But for now, household wealth is offsetting monetary tightening.
( 23
min )
Een van de grootste bierproducenten van China is een onderzoek begonnen naar een fabrieksmedewerker, nadat een video viraal ging waarin hij urineerde over een voorraad gerstemout in een magazijn.
( 8
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Ratingbureau S&P Global is optimistisch over de Nederlandse economie in 2024. De toonaangevende kredietbeoordelaar voorziet dat de economie vanaf volgend jaar gaat aantrekken, ondersteund door een sterkere binnenlandse vraag.
( 8
min )
De aanstaande topvrouw van Duitslands machtigste vakbond IG Metall waarschuwt Elon Musk. De Tesla-topman probeert volgens haar vakbondsvorming in Duitsland te voorkomen.
( 8
min )
Om barre winters te ontvluchten, vliegen miljoenen vogels tijdens de najaarstrek Nederland over. Ze passeren ook de Noordzee, waar veel windmolens staan. Windparken en de overheid nemen maatregelen om zo min mogelijk vogelslachtoffers te veroorzaken. "Een windmolen mag geen gehaktmolen worden."
( 9
min )
Na een lange nazomer werd het afgelopen week zo koud dat in veel huishoudens de verwarming voor het eerst sinds het voorjaar weer werd aangezet. Daarmee liep ook het gasverbruik op. Dat is wel veel later dan afgelopen jaren.
( 10
min )
Er zijn apparaten in huis die in stand-by veel stroom verbruiken. Maar zelfs het uitzetten van een apparaat is geen garantie dat hij geen elektriciteit meer verbruikt. Met een energiemeter kun je sluipverbruik opsporen om uiteindelijk geld te besparen.
( 9
min )
Er zijn apparaten in huis die in stand-by veel stroom verbruiken. Maar zelfs het uitzetten van een apparaat is geen garantie dat hij geen elektriciteit meer verbruikt. Met een energiemeter kun je sluipverbruik opsporen om uiteindelijk geld te besparen.
( 9
min )
Na een lange nazomer werd het afgelopen week zo koud dat in veel huishoudens de verwarming voor het eerst sinds het voorjaar weer werd aangezet. Daarmee liep ook het gasverbruik op. Dat is wel veel later dan afgelopen jaren.
( 10
min )
Wall Street research on Amazon.com, Pfizer, Bank of New York Mellon, J.B. Hunt, and Tyler Technologies
( 23
min )
Shareholders have until Monday to decide whether to get cash or stock for Broadcom’s purchase of the software company.
( 18
min )
Growing volatility in U.S. stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, on Friday hit its highest in nearly seven months, as the S&P 500 slid for the week. Assets that can help investors weather the storm may be in short supply.
( 34
min )
Rivian Automotive said it plans to start construction on its second EV plant, in Georgia, right on schedule in 2024.
( 21
min )
Companies such as BlackRock, T. Rowe Price, and AllianceBernstein could benefit from growing investor interest in bonds and any move away from alternative investments.
( 27
min )
Leon Cooperman told Insider the stock market was overpriced and poised to underperform in the years ahead and home prices were at unsustainable highs.
( 33
min )
Apple 6-day stock’s losing streak is the longest since January 2022.
( 18
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After years of equity-friendly low interest rates, the benchmark 10-year U.S. Treasury yield is flirting with the 5% level, complicating investing choices and forcing a market reorientation.
( 21
min )
The IRS is set to announce new tax bracket thresholds for the 2024 tax year. One expert says to expect a 5.4% increase from last year.
( 32
min )
The healthcare giant is exploring another bankruptcy and a Supreme Court appeal to try to resolve its mass talc liabilities.
( 23
min )
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SLB's revenue in North America slumped for a second consecutive quarter, and overall sales missed forecasts.
( 18
min )
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Regions Financial missed estimates for profit, sales, and interest income as high interest rates squeezed the bank's finances.
( 18
min )
But two other major automakers just joined the fold.
( 33
min )
Zillow warned in May that housing would enter a “deep freeze” if mortgage rates hit 8%. They came anyway—and existing home sales hit a 13-year low.
( 36
min )
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 21
min )
We work the cash-flow math on the Big Seven tech stocks and rate them Yeah, Meh, and Nah.
( 27
min )
The US's ballooning debt burden could eventually chip away at the demand for Treasury bonds, according to Capital Group.
( 33
min )
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The Canada Pension Plan (CPP) and U.S. Social Security system provide retirement, survivor, and disability benefits. See how their contributions and benefits compare.
( 27
min )
(Bloomberg) -- Former Treasury Secretary Lawrence Summers said the Federal Reserve will at some point have to weigh in on the US government’s growing mountain of debt because of its implications for interest rates. Most Read from BloombergIsrael Latest: Hamas Says Two US Hostages Held in Gaza ReleasedHere’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Where Does Israel Get Its 220,000 Barrels of Oil Every Day?UAW
( 34
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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.
( 23
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Failed crypto exchange FTX proposed a plan to refund up to 90% of assets recovered to customers, but some creditors say that the actual refund could be smaller than what customers lost.
( 20
min )
DETROIT (Reuters) -United Auto Workers President Shawn Fain on Friday warned of more walkouts at U.S. truck and SUV factories unless the Detroit Three automakers improved wage and benefit offers, insisting companies could afford more than the record packages on the table. "We're striking the Big Three like we've never struck before," Fain said. After five weeks of strikes, Fain said the UAW had received fresh contract offers from General Motors and Chrysler-parent Stellantis in the past 24 hours.
( 35
min )
(Bloomberg) -- The pandemic officially ended months ago, allowing a weary public to get back to normal living. That was great news for large swaths of the economy.Most Read from BloombergIsrael Latest: Hezbollah Fires Missiles as Leaders Head to CairoHere’s What 8% Mortgage Rates Will Do to the Housing MarketWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’UAW and General Motors Inch Toward Tentative Deal, Unio
( 34
min )
Section 199A dividends are distributions from the profits of domestic real estate investment trusts (REITs) that qualify for a special 20% tax deduction. Investing in Section 199A dividends can provide a valuable tax deduction for investors, and income limits don't apply to Section 199A income from REITS. Understanding the ins and outs of this tax […] The post What Are Section 199A Dividends? appeared first on SmartReads by SmartAsset.
( 34
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(Bloomberg) -- The US economy is seeing a period of “greater uncertainty” because of a lack of vision from Federal Reserve officials who remain determined to bring inflation back down to their 2% target, said Mohamed El-Erian.Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketIsrael Latest: Hezbollah Fires Missiles as Leaders Head to CairoBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Di
( 33
min )
Shares of AT&T have had a good week.
AT&T stock was recently up 3%, on pace for its best week since last October, buoyed by upbeat news about cellphone
( 23
min )
Year-to-date, markets are up – some 12% for the S&P 500, and 28% for the NASDAQ, even after recent volatility and pullbacks. But there’s worry in the air, and the red flags are flying. A combination of persistently high inflation and interest rates, along with an increasingly dangerous geopolitical situation, has more and more experts calling out warnings. On the domestic policy side, Federal Reserve chairman Jerome Powell said in recent comments, “Inflation is still too high, and a few months o
( 36
min )
When people hear the name Ryan Reynolds, they might immediately think of the sharp-witted actor famous for roles like Deadpool. But these days, Reynolds is making headlines for a different reason: his skill as an entrepreneur. With a collection of business ventures that have sold for more than $2 billion, Reynolds is proving he's not just a one-trick pony. In an interview with "Mad Money" host Jim Cramer, Reynolds delved deeper into his investment philosophy, particularly regarding Mint Mobile.
( 34
min )
VinFast Auto, an electric-vehicle maker controlled by Vietnam's richest man, agreed to potentially sell up to $1 billion of shares to Yorkville Advisors, a U.S.-based investment firm.
The company has the option, but not the obligation, to sell the shares to Yorkville over the next 3 years, accordin
( 24
min )
KeyBanc Capital Markets analyst John Vinh cuts his price target on Nvidia to $650 from $750.
( 19
min )
Another round of regional banks is out with third-quarter earnings. The results this week have pointed to mounting expense pressures on midsize and smaller players.
An index of regional bank shares fell Friday morning.
Here are the highlights:
Huntington Bancshares: Profit fell 8% from a year e
( 23
min )
Solar stocks dropped after SolarEdge Technologies (SEDG), a U.S.-listed and Israel-based equipment maker, said clients in Europe had been ["much slower" to install its equipment](https://investors.solaredge.com/news-releases/news-release-details/solared
( 24
min )
Bitcoin gained over 10% this past week, boosted by Grayscale’s renewed spot Bitcoin ETF application.
( 33
min )
The regional bank posted third-quarter earnings of $1.84 a share, while Wall Street was expecting $1.69.
( 14
min )
Birkenstock was the nail in the coffin for IPOs
( 33
min )
Regions Financial posts third-quarter revenue and net interest income below expectations.
( 14
min )
The 4-day week has been proven to increase productivity and world-life balance. Now staff say they'll take a pay cut to make it happen.
( 33
min )
Knight Swift posted third-quarter earnings per share of 41 cents from sales of $2 billion. Wall Street was looking for 36 cents and $1.9 billion, respectively.
( 20
min )
(Bloomberg) -- As prices across the US climbed last year, Texas tycoon and legendary high-stakes poker player Andy Beal saw a chance to profit. All he needed was several billion dollars to wager on inflation.Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Ringgit Falls to 25-Year Low, the Worst Performer in Asia After Yen This Y
( 44
min )
American Express says third-quarter revenue rose 13% to $15.4 billion.
( 16
min )
AmEx, which caters to a premium customer base, has largely been able to mitigate the hit from inflation and the Federal Reserve's rate hikes, which have made borrowing costly and reined in discretionary spending. "Travel and Entertainment (T&E) spending remained robust... Restaurant spending was again one of our fastest-growing T&E categories," CEO Stephen Squeri said in a statement.
( 33
min )
“Continued non-compliance” with the tech giant’s return-to-office mandate could land employees in hot water, according to Amazon’s new management guidelines.
( 34
min )
Vietnamese electric vehicle (EV) maker VinFast said on Friday it has entered into a share subscription of up to $1 billion with U.S.-based fund Yorkville Advisors as it seeks to fund expansion in overseas markets. VinFast has the option, but not the obligation, to require Yorkville to subscribe for up to $1.0 billion worth of ordinary shares in VinFast at any time during the term of the agreement, VinFast said in a filing to the U.S. securities authority.
( 31
min )
(Bloomberg) -- VinFast Auto Ltd. has agreed to sell as much as $1 billion worth of new shares to Yorkville Advisors Global over three years as the Vietnam electric vehicle maker seeks to boost the public float of its US-listed stock.Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Ringgit Falls to 25-Year Low, the Worst Performer
( 34
min )
(Bloomberg) -- Pacific Investment Management Co. spent some of last year scooping up debt that banks couldn’t sell at knock-down prices. Now it’s started to slowly offload some of those positions at double-digit premiums.Most Read from BloombergIsrael Latest: China Sends Envoy to Cairo, US Senators in SaudiHere’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Where Does Israel Get Its 220,000 Barrels of Oil Every Da
( 34
min )
(Bloomberg) -- Three years ago, oil prices dipped below zero and Scott Sheffield’s company — like so many other producers — was in trouble.Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Israel Latest: US, Saudi Defense Chiefs Discuss Middle EastThe lon
( 39
min )
A delay could be retaliation for new U.S. controls on sales of advanced AI chips to China.
( 34
min )
The 10-year yield is close to hitting 5% for the first time since 2007. We asked some of Wall Street’s brightest how to play it.
( 28
min )
The fear for investors is that a wider war could disrupt supplies of oil.
( 16
min )
(Bloomberg) -- Investor positioning in stocks has become so bearish that it’s triggered a “contrarian buy signal” in a custom Bank of America Corp. indicator, setting up the asset class for a short-term rally, according to strategist Michael Hartnett.Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearBiden’s Influence Turns Israel
( 34
min )
Solar stocks tumble after SolarEdge warns about demand in Europe, Knight-Swift Transportation's revenue tops forecasts, Intuitive Surgical's revenue misses, and American Express is scheduled to report earnings Friday.
( 18
min )
(Bloomberg) -- Asian stocks broadly fell as volatility gripped global markets from an escalation in tensions in the Middle East, driving oil and gold to further advances. Most Read from BloombergHere’s What 8% Mortgage Rates Will Do to the Housing MarketRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Wall Street Hit by Volatility on G
( 35
min )
The XRP token rose over 6% on the day after the SEC dismissed the charges against Ripple’s top executives.
( 33
min )
(Bloomberg) -- Intensifying Chinese pressure on Taiwan is prompting some equity investors to buck the trend and exit Taiwan Semiconductor Manufacturing Co.Most Read from BloombergHere’s What 8% Mortgage Rates Will Do to the Housing MarketRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Israel Latest: US, Saudi Defense Chiefs Discuss Mi
( 35
min )
(Bloomberg) -- Chinese stocks erased all the gains seen during their massive reopening rally that took off late last year, as persistent concerns about the health of the property sector help drive an unprecedented foreign outflow from the onshore market. Most Read from BloombergHere’s What 8% Mortgage Rates Will Do to the Housing MarketRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Where Doe
( 34
min )
Some investors believe a bond market selloff that has pushed the benchmark U.S. Treasury yield to 5% may have more room to run, as the Federal Reserve gives little indication of veering from its "higher for longer" mantra. Fed Chair Jerome Powell walked a narrow line in his speech before the New York Economic Club on Thursday, saying the stronger-than-expected economy might warrant tighter financial conditions while also noting emerging risks and a need to move with care. Yields on the benchmark 10-year Treasury, which move inversely to bond prices, rose briefly to 5% late on Thursday, a closely watched level not seen since 2007.
( 34
min )
Oil prices are rising amid heightened fears that the Israel-Palestinians crisis may spread in the Middle East and disrupt supply.
( 34
min )
(Bloomberg) -- Liontown Resources Ltd. plunged by the most in more than eight years on Friday as trading resumed after US giant Albemarle Corp. walked away from a proposed takeover, forcing it to find alternative funding for its key lithium project.Most Read from BloombergHere’s What 8% Mortgage Rates Will Do to the Housing MarketRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden’s Influence Turns Israel's
( 34
min )
United Auto Workers President Shawn Fain reported progress in negotiations with General Motors and Stellantis, but not Ford, as the union continued to press for better offers from the Big Three automakers and warned of more walkouts ahead.
( 18
min )
After years of equity-friendly low interest rates, the benchmark 10-year U.S. Treasury yield is flirting with the 5% level, complicating investing choices and forcing a market reorientation.
( 19
min )
We reviewed and collected data on nine companies that provide Medicare insurance to help you find the best benefits, like affordable premiums, additional coverage, and more.
( 23
min )
SLB's revenue in North America slumped for a second consecutive quarter, and overall sales missed forecasts.
( 16
min )
Regions Financial missed estimates for profit, sales, and interest income as high interest rates squeezed the bank's finances.
( 17
min )
The S&P 500 dropped 1.3% on Friday, Oct. 20, 2023, with increasing concerns that the now almost two-week conflict between Israel and Hamas might escalate.
( 16
min )
High-yield checking accounts offer an exceptionally high interest rate when you meet certain monthly requirements. And some of them are currently paying 6% or more.
( 22
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 19
min )
The bitcoin price rose above $30,000 on Friday, as optimism continues to grow around the potential approval of a spot ETF product.
( 18
min )
China on Friday curbed exports of graphite, a critical mineral used in the production of lithium-ion batteries for electric vehicles (EVs), which could accelerate a shortage of the mineral as EV demand soars worldwide.
( 19
min )
The Canada Pension Plan (CPP) and U.S. Social Security system provide retirement, survivor, and disability benefits. See how their contributions and benefits compare.
( 27
min )
The Federal Insurance Contributions Act (FICA) is a U.S. payroll tax deducted from workers' paychecks that funds the Social Security and Medicare programs.
( 25
min )
The Michigan Consumer Sentiment Index (MCSI) is a monthly survey that gathers information on American consumer expectations regarding the overall economy.
( 21
min )
Currency in circulation refers to notes, coins, or any other physical forms of money that are used in transactions between buyers and sellers.
( 20
min )
BRICS is an acronym for the combined economies of Brazil, Russia, India, China, and South Africa, which some claimed early in this century were poised to dominate the world economy by 2050.
( 25
min )
Dependent children who earn more than $13,850 in tax year 2023 must file a personal income tax return. Here are tips for kids who are first-time filers.
( 30
min )
Learn the difference between discrete and continuous compounding and how they affect investment payoffs.
( 22
min )
Account holders can name almost anyone as a transfer on death (TOD) beneficiary.
( 21
min )
ETFs tracking trendy areas of technological innovation are especially popular.
( 25
min )
Supply chain management (SCM) is the management of the flow of goods and services, including all the processes of turning raw materials into final products.
( 26
min )
A business plan is a document that details a company's goals and how it plans to achieve them. Business plans are valuable to both startup and established companies.
( 27
min )
Failed crypto exchange FTX proposed a plan to refund up to 90% of assets recovered to customers, but some creditors say that the actual refund could be smaller than what customers lost.
( 19
min )
Apple's savings account pays more than what your primary bank is probably paying. But it's still a lot less than you can earn from the best high-yield savings accounts.
( 18
min )
U.S. equites sank at midday on Friday, Oct. 20, 2023 amid rising concerns that the fighting between Israel and Hamas that's been continuing for almost two weeks could escalate further.
( 16
min )
Toyota has joined its American rivals by adopting the North American Charging Standard (NACS), allowing its vehicles to access Tesla's charging points.
( 17
min )
American Express shares fell after the credit card provider boosted the money it put aside to cover for customers defaulting on their payments.
( 17
min )
Investing in private credit involves making a loan, while private equity investors acquire stakes in non-public companies. Learn more about these alternative investments.
( 23
min )
Queuing theory is the mathematical study of the delays of waiting in line, covering all aspects, from arrival time to the number of servers.
( 24
min )
Learn about the periods with the highest inflation in U.S. history, and find out how U.S. Federal Reserve policy measures attempt to control inflation.
( 23
min )
SolarEdge shares tumbled after warning that its third quarter results will be well below previous guidance because of a big drop in its European business.
( 17
min )
A bond's coupon rate is the interest earned on the bond over its lifetime, while its yield to maturity reflects its changing value in the secondary market.
( 25
min )
A leveraged exchange-traded fund is a fund that uses financial derivatives and debt to amplify the returns of an underlying index.
( 25
min )
Merck agreed to pay Daiichi Sankyo $5.5 billion for the rights to jointly develop and commercialize three of its candidate cancer drugs, in a deal that could be worth up to $22 billion depending on the treatments' success.
( 17
min )
An excise tax is an indirect tax charged by the government on the sale of a particular good or service.
( 27
min )
A silver exchange-traded fund (ETF) invests primarily in raw silver assets, which are held in a trust by the fund manager or custodian.
( 21
min )
A program evaluation review technique (PERT) chart is a project management tool that graphs a project's timeline according to its individual tasks.
( 25
min )
A retail industry ETF is an exchange-traded fund that invests in retail companies.
( 21
min )
An ad valorem tax is a tax derived from an assessed value, such as the value real estate or personal property, with a tax rate applied.
( 24
min )
A freelancer is an individual who earns money on a per-job or per-task basis, usually for short-term work. The IRS considers them to be self-employed for tax purposes.
( 25
min )
Bij een internationale politieactie is een grote gijzelsoftwarebende ontmanteld. De vermoedelijke leider is opgepakt en het platform is uit de lucht. Vijf servers van de groep zijn in Nederland in beslag genomen en Nederlandse rechercheurs hielpen mee bij het onderzoek.
( 9
min )
De cyberaanval op het Internationaal Strafhof (ICC) in Den Haag in september had volgens het hof te maken met spionage. De aanval had als doel de werkzaamheden van het ICC te ondermijnen.
( 8
min )
De waarde van de bitcoin is vrijdag voor het eerst sinds juli gestegen tot boven de 30.000 dollar (ongeveer 28.300 euro). De stijging van de grootste cryptomunt komt in een week waarin de waarden van digitale valuta flink schommelden.
( 9
min )
De Europese prijs voor aardgas is weer gestegen door de vrees dat het conflict in het Midden-Oosten groter wordt. Eerder daalde de gasprijs juist nog.
( 9
min )
Bierbrouwers hebben dit jaar tot nu toe veel minder bier verkocht dan in dezelfde periode vorig jaar. De brouwers vrezen voor een toename van faillissementen als prijzen verder stijgen en Nederlanders nog vaker het flesje bier laten staan.
( 10
min )
In de eerste negen maanden van dit jaar zijn in Europa bijna 17 procent meer nieuwe auto's op kenteken gezet dan in dezelfde periode vorig jaar. Ondanks die groei is de automarkt nog niet terug op het niveau van voor corona.
( 10
min )
China legt bedrijven die grafiet willen exporteren nieuwe beperkingen op. Dat middel wordt gebruikt in accu's voor elektrische auto's en de Chinezen zijn de belangrijkste producent en exporteur hiervan.
( 9
min )
Nederlanders gooiden in 2022 minder afval weg dan een jaar eerder. Vorig jaar zamelden gemeenten gemiddeld 455 kilo huishoudelijk afval per inwoner in. Dat is 48 kilo minder dan in 2021. Gemeenten haalden in totaal 8 miljard kilo huishoudelijk afval op.
( 9
min )
Geldautomaten zijn in oktober en november waarschijnlijk nog te vaak defect door een onderdeel dat niet goed leverbaar is. In september was dit ook al het geval, bevestigt Geldmaat na berichtgeving van NOS en de regionale omroepen.
( 8
min )
Werkende mensen die het minimumloon verdienen, leven steeds vaker in armoede. Dat zegt de Belgische armoede-expert Olivier De Schutter van de Verenigde Naties. Volgens onderzoek van de speciaal rapporteur leeft een op de vijf werknemers wereldwijd nu in armoede.
( 9
min )
Werkende mensen die het minimumloon verdienen, leven steeds vaker in armoede. Dat zegt de Belgische armoede-expert Olivier De Schutter van de Verenigde Naties. Volgens onderzoek van de speciaal rapporteur leeft een op de vijf werknemers op de wereld nu in armoede.
( 9
min )
De internationale trein vanaf Amsterdam is in bijna alle gevallen goedkoper dan het vliegtuig naar dezelfde bestemming. Alleen de Eurostar naar het Verenigd Koninkrijk is duurder dan het vliegtuig, blijkt uit onderzoek van het Kennisinstituut voor Mobiliteitsbeleid.
( 8
min )
Het bereiken van de AOW-leeftijd is voor steeds meer ouderen geen reden om te stoppen met werken. Ze vinden werken leuk en het houdt ze jong. In tien jaar tijd is het aantal werkende 67-plussers ruim verdubbeld.
( 11
min )
A relentless selloff in U.S. government bonds has brought Treasury yields to their highest level in more than a decade and a half, roiling everything from stocks to the real estate market. The yield on the benchmark 10 year Treasury - which moves inversely to prices - hit 5% late Thursday, a level last seen in 2007. Expectations that the Federal Reserve will keep interest rates elevated and mounting U.S. fiscal concerns are among the fators driving the move.
( 35
min )
Shares of the electric-vehicle maker dropped 9.3% after it reported lackluster earnings.
( 17
min )
VMware shares fell after a report saying Chinese regulators are likely to delay signing off on the deal.
( 19
min )
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 21
min )
SolarEdge Technologies said it encountered "substantial unexpected cancellations and pushouts of existing backlog" from its European distributors.
( 16
min )
Rex Shares and Tuttle Capital Management have introduced four funds that push the limits of single-stock ETFs.
( 34
min )
(Bloomberg) -- A landmark condominium project in one of Toronto’s ritziest neighborhoods has been put into receivership after construction delays and cost overruns. Most Read from BloombergHere’s What 8% Mortgage Rates Will Do to the Housing MarketWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Ringgit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Israel Latest: US, Saudi Defense Chiefs
( 32
min )
(Bloomberg) -- Tesla Inc.’s price cuts this year show customers are no longer willing to pay a premium for its vehicles. That raises a key question on Wall Street: Does its lofty stock-market valuation make sense anymore?Most Read from BloombergHere’s What 8% Mortgage Rates Will Do to the Housing MarketRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden’s Influence Turns Israel's Ground War Plans Into ‘Some
( 34
min )
(Bloomberg) -- Canada Goose Holdings Inc. shares plummeted to a record low for the second day in a row as economic and consumer pressures prompted a pair of analyst downgrades.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearWall Street Hit by Volatility on Geopolitical Risk: Markets WrapTrump Is Winning Over Swing-State Voters Wary of Biden’s Economic PlanWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Israel Latest: Israel at Risk
( 33
min )
AT&T CEO John Stankey said the telecommunications company had the strongest iPhone preorders it has had in many years in September.
( 16
min )
After saying home prices will decline, the bank now says they could rise due to low inventory—despite high mortgage rates.
( 35
min )
Can Sun, former FTX general counsel, took the stand on Thursday to testify on behalf of the prosecution’s case against Sam Bankman-Fried. Sun has a non-prosecution agreement in exchange for his cooperation. The Yale law school grad joined FTX at the end of August 2021 and stayed until early November 2022 shortly after the crypto exchange collapsed.
( 34
min )
“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.
( 33
min )
When the boomers came of homebuying age, they had to contend with high rates, high inflation, and a crowded market. Sound familiar?
( 35
min )
Taiwan Semiconductor Manufacturing’s earnings commentary shows that demand for AI applications and Nvidia chips are improving. Nvidia stock should benefit.
( 18
min )
(Bloomberg) -- A Ladder Capital Corp. executive with close ties to Donald Trump testified that the firm approved a $160 million loan to the former president in 2015 based in part on his claim that he was worth $5.8 billion — a figure New York state alleges in its civil fraud case was inflated by more than 50%.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,
( 34
min )
Costco COO Ron Vachris is set to become CEO once Craig Jelinek steps down in January. Here are five changes made during Jelinek’s time at the helm.
( 34
min )
Cathie Wood, one of the most renowned female investment professionals on Wall Street, manages nearly $60 billion in assets through her investment management firm ARK Invest. Her flagship fund, Ark Innovation ETF (NYSE:ARKK), has delivered average returns of 45% annually over the past five years and was one of the best-performing exchange-traded funds (ETFs) in 2021, driven by the tech boom. Nonetheless, Wood's ETFs took a big hit last year amid the tech rout. British chipmaker Arm Holdings plc's
( 35
min )
VMWare stock was falling on Thursday following a report that its purchase by infrastructure-software company Broadcom could be delayed by Chinese regulators.
( 16
min )
The 4% rule has long provided guidance to retirees on how to maintain a safe withdrawal rate from retirement accounts. But with today’s low bond yields and stock market volatility, this once-steady rule of thumb looks increasingly open to change. A new approach detailed by John Hancock Investment Management suggests using diversified multi-asset income portfolios. […] The post Do You Follow the 4% Rule for Retirement Income? You May Want to Consider This Style of Portfolio appeared first on Smar
( 34
min )
A few groups of stocks that have underperformed the market markedly now look primed to bounce back. It’s a phenomenon known as a “mean reversion” trade.
( 20
min )
With $2.5 million in cash, $500,000 in an IRA and average Social Security benefits, someone who’s 67 is likely in a pretty good spot for retirement. However, retiring comfortably involves more than financial resources. It also requires balancing income and expenses. With that in mind, it may be necessary to reduce lifestyle costs or invest […] The post I’m 67 Years Old, Have $2.5 Million in Cash, $500k in an IRA and Social Security. Should I Retire Now? appeared first on SmartReads by SmartAsset
( 34
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Grayscale said that its fund is ready to operate as an ETF upon regulatory approval.
( 33
min )
The deal filed in Pennsylvania federal court on Wednesday is subject to approval by District Judge Jennifer Wilson. A spokesperson for Walgreens and an attorney for Rite Aid investors did not immediately reply to requests for comment. The Rite Aid investors sued Walgreens and its executives over statements they made about the proposed merger between the two major U.S. pharmacy chains, which was first announced in 2015.
( 33
min )
Tesla shares tumbled in early trading after Chief Executive Elon Musk tempered expectations for the company’s new Cybertruck.
“It's a great product, but financially, it will take, I don't know, a year to 18 months
( 24
min )
Let’s talk about penny stocks. These are equities that trade for less than $5 per share, at the very bottom of the price range. While they are priced that low for a reason – and the reasons may vary – a low price in itself doesn’t mean that the stock’s fundamentals are sour. Smart investors can find some true bargains among penny stocks and set themselves up for outsized gains. The opportunity is linked to a simple question: Why is the company’s stock priced so low? If the answer is mainly benig
( 36
min )
Union Pacific's earnings and sales fell in the third quarter as volumes declined and fuel prices rose.
However, shares rose more than 4% as the rail operator reported per-share earnings above analysts’ expectations.
Chief Executive Jim Vena said the company continues to face inflationary pressure
( 23
min )
(Bloomberg) -- Discover Financial Services said third-quarter profit dropped 33% drop as write-offs climbed and the firm set aside more money to cover future loan losses. The shares fell the most in more than two months.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden Vows Aid for Gaza, Backs Israel Over Hospital BlastTrump
( 33
min )
Another round of regional banks reported third-quarter earnings, with the results pointing to mounting expense pressures on midsize and smaller players. Here are the highlights:
**Ke
( 24
min )
Walt Disney has disclosed ESPN’s financial figures separately for the first time. They might come as a disappointment, analysts say.
( 17
min )
Many would-be millennial homebuyers feel locked out of this market.
( 35
min )
The tax advantages of buying bonds in your own backyard.
( 28
min )
Costco’s CEO is stepping down. COO Ron Vachris will succeed Craig Jelinek starting Jan. 1.
( 16
min )
Employers are paying for costly benefits that employees don't find useful.
( 32
min )
AT&T’s core cellphone business kept growing in the third quarter, lifting revenue and spurring the company to raise its full-year outlook for free cash flow.
Shares, down about 22% so far this year, jumped 4.3% to $14.93 in premarket trading.
In the third quarter, the Dallas company added 468,000
( 23
min )
Blackstone reported third-quarter earnings on Thursday, disclosing it has amassed more than $200 billion to invest in a market in which deal opportunities are nonetheless muted.
Some key highlights from the results:
Blackstone reported net income of roughly $552 million for the quarter, or about
( 25
min )
The telecommunications giant adds more wireless and broadband subscribers than expected in the third quarter.
( 15
min )
American Airlines is reporting a $545 million loss for the third quarter in contrast with the huge profits posted by its two closest rivals. American said its results were dragged down by $983 million in charges related to a new labor contract with its pilots, but United Airlines and Delta Air Lines reached similar deals with their pilots and still earned $1.1 billion each in the quarter. Labor costs at American jumped 17%, an increase of nearly $600 million, which was roughly offset by lower fuel prices than a year ago.
( 33
min )
Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging sales.
( 34
min )
Truist Financial reported a near 31% drop in third-quarter profit on Thursday as the lender's interest income from mortgages and credit-card debt declined while it allocated more funds towards rainy-day reserves to cover potential sour loans. Analysts had forecast the boost from higher interest income would diminish as banks pay more to retain deposits and prevent clients from shifting to money-market funds for higher risk-free returns. Truist's net interest income for the three months ended Sept. 30 fell 4.3% to $3.62 billion, compared with a year earlier.
( 33
min )
The telecommunications giant adds more wireless and broadband subscribers than expected in the third quarter.
( 15
min )
The company said it expects full-year free cash flow of about $16.5 billion, up from its prior forecast of $16 billion or higher. Its third-quarter figure of $5.2 billion also handily beat estimates, according to Visible Alpha. AT&T has in recent months tried to stand out in the competitive U.S. market with offers, including a hefty discount on the iPhone 15 series that some analysts consider to be one of the most aggressive in the industry.
( 33
min )
Federal Reserve Chairman Jerome Powell is delivering a speech on Thursday that will provide clues about where the central bank sees policy headed next.
( 33
min )
(Bloomberg) -- If 10-year US Treasury yields hit 5% or higher, that’s a good entry point for investors, according to Morgan Stanley Investment Management. Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?QQQ Advances in Late Trading as Tesla Rebounds: Markets Wrap“Those wil
( 34
min )
TSMC stock rose after it said that demand for the latest chip technology was helping to offset a glut of semiconductors caused by the fall in demand for consumer electronics.
( 18
min )
Nokia announces plans to cut up to 14,000 jobs as part of a cost-saving initiative after profit tumbled 69% in the third quarter.
( 16
min )
Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion, compared with the same three-month period last year. “We continue to believe in the mid- to long-term attractiveness of our markets,” Nokia CEO Pekka Lundmark said in a statement.
( 33
min )
(Bloomberg) -- Elon Musk is dialing back expectations for Tesla Inc. as years of rapid expansion collide with rising interest rates and a more cost-conscious consumer.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Market
( 34
min )
(Bloomberg) -- A selloff in Asian shares deepened, as investors fretted over higher Treasury yields and escalating tensions in the Middle East.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearYields on 10-year
( 35
min )
China's State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after US President Joe Biden's administration introduced tougher chip controls on Tuesday, the report added, citing people familiar with the matter. VMWare and Broadcom did not immediately respond to Reuters request for comment. China's State Administration of Market Regulation could not immediately be reached for comment.
( 33
min )
SAP shares jumped after the German group posted higher revenue and operating profit for the third quarter, led by growth at its core cloud business..
( 27
min )
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. posted better-than-expected net income in the third quarter after demand for artificial intelligence chips remained strong.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Reboun
( 34
min )
Nokia launched a plan to cut as many as 14,000 jobs as it seeks to save up to €1.2 billion after it posted a 45% fall in profit in the third quarter.
( 27
min )
The world’s largest contract chip maker said third-quarter net profit declined 25% from a year earlier, though it projected stronger revenue in the current quarter.
( 28
min )
(Bloomberg) -- Chinese investors offloaded the most US bonds and stocks in four years in August, fueling speculation the authorities may have moved to beef up their war chest to defend a weakening yuan.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyUPenn Donors Pile Pressure on School
( 32
min )
Shale companies turn to mergers to address reserve replacement challenges, with Pioneer Natural Resources and Devon Energy leading the way.
( 36
min )
A custodian bank is a financial institution that holds customers' securities in electronic or physical form to minimize the risk of theft or loss.
( 26
min )
These 10 inspiring business leaders successfully tackle global social issues while generating profit.
( 26
min )
The term 'January Barometer' refers to the belief that the S&P 500's performance in January can predict its performance for the rest of the year.
( 22
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 19
min )
Older immigrants may qualify for Social Security if they once worked in the United States or their county has a totalization agreement with the U.S.
( 26
min )
Union Pacific's third quarter profit exceeded estimates as the railroad boosted prices.
( 17
min )
The S&P 500 lost 0.85% Thursday, Oct. 19, 2023, as Fed Chair Jerome Powell said the economy likely needs to slow to reduce inflation and that more interest rate hikes are possible.
( 17
min )
Revenue at Genuine Parts missed estimates as its U.S. auto parts group underperformed, sending shares plummeting.
( 17
min )
Shares of regional banks have rebounded from this spring's industrywide turmoil, belying financial performance that remains challenged by rising interest rates and an uncertain economy.
( 19
min )
A yen ETF is an exchange-traded fund that tracks the Japanese yen in the foreign exchange markets.
( 25
min )
A consumption tax is a tax on the purchase of a good or service. It can also be a system taxing based on consumption rather than on added value to the economy (income tax).
( 24
min )
Wire fraud is a type of fraud that involves the use of some form of telecommunications or the internet.
( 23
min )
Freddie Mac’s 30-year fixed-rate mortgage hit 7.63%, the sixth straight week that mortgage rates increased to levels not seen since 2000.
( 17
min )
Terminal value (TV) determines the value of a business or project beyond the forecast period when future cash flows can be estimated.
( 26
min )
A home equity loan may be a lower interest rate than your current debt, but make sure you know all the risks before consolidating your debt into one.
( 23
min )
You can use a $35,000 personal loan for almost anything, with a few exceptions. Learn what you can fund with a $35,000 and what is excluded.
( 25
min )
The Consumer Financial Protection Bureau proposed new rules Thursday that would require banks to share data at the customer’s request, making it easier to switch banks and other financial service providers.
( 18
min )
Covered interest rate parity refers to a theoretical condition in which the relationship between interest rates and the spot and forward currency values of two countries are in equilibrium.
( 23
min )
Crypto firms Gemini, Genesis, and Digital Currency Group are being sued by New York Attorney General Letitia James for fraud.
( 18
min )
Tesla shares tumbled more than 9% in trading Thursday on the electric carmaker's lackluster earnings report for the third quarter. Elon Musk and other executives highlighted economic headwinds and Cybertruck production challenges that have hurt performance.
( 18
min )
Discover the countries with the greatest budget deficits as a percentage of GDP.
( 21
min )
U.S. equities moved between gains and losses at midday on Thursday, Oct. 19, 2023 amid concerns about whether the Fed would continue to raise interest rates as Fed Chair Powell said inflation remains too high.
( 18
min )
The number of existing home sales decreased by 2% in September to 3.96 million, and 15.4% from one year ago.
( 18
min )
American Airlines reported higher-than-expected profit for the third quarter, but warned of lower earnings for the year as fuel costs increase.
( 17
min )
We explain how Korea's most popular messaging application makes its money.
( 21
min )
Google plans to manufacture phones in India, following moves by other smartphone giants Apple and Samsung.
( 17
min )
TSMC posted better-than-expected results in the third quarter and expects a turnaround in the semiconductor sector.
( 17
min )
Financial markets refer broadly to any marketplace where securities trading occurs, including the stock market and bond markets, among others.
( 28
min )
Ten economic indicators provide a comprehensive picture of Canada's economy.
( 23
min )
Multi-signature wallets are cryptocurrency wallets designed to require two or more cryptocurrency wallet keys to unlock and withdraw funds.
( 22
min )
Rates on 30-year mortgages have eased a bit lower after surging to a new historic high on Tuesday. Rates were flat to moderately up for most other loan types.
( 21
min )
Legal immigrants in the U.S. can be eligible for Social Security benefits, but only if they meet certain requirements.
( 29
min )
Here is a list of the world's top ten law firms in terms of revenue.
( 24
min )
AT&T's third quarter earnings beat analyst estimates and revenue eked out a modest gain. The company added subscribers, but more importantly raised its full-year guidance for free cash flow.
( 17
min )
Corporate governance involves balancing the interests of a company's many stakeholders, which can include shareholders, senior management, customers, suppliers, lenders, the government, and the community.
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min )
Summa cum laude is an academic level of distinction used by educational institutions to signify a degree that was received with the highest honor.
( 24
min )
Tesla shares fell as the electric vehicle maker missed estimates on price cutting that ate into profit margins and investors will look to remarks from Fed Chair Jerome Powell for insight into coming decisions on interest rates. Here’s what investors need to know today.
( 19
min )
A high-yield savings account can make your money go further. Find out the top benefits and how to choose an account that’s right for you.
( 18
min )
From automating transactions to finding the right savings vehicle, here are the key things to know about managing your savings.
( 17
min )
Find out how limited partnerships and master limited partnerships (MLPs) differ in their types of business ownership and tax treatment.
( 23
min )
The Social Security tax, levied on both employers and employees, funds Social Security and is collected in the form of a payroll tax or a self-employment tax.
( 25
min )
De Nederlandse Staat begint een rechtszaak tegen het bedrijf Relief Goods Alliance (RGA) van Sywert van Lienden. De civiele procedure draait om de omstreden mondkapjesdeal.
( 10
min )
De Nederlandse staat begint een rechtszaak tegen het bedrijf Relief Goods Alliance (RGA) van Sywert van Lienden. De civiele procedure draait om de omstreden mondkapjesdeal.
( 10
min )
Het aantal ziekmeldingen van werknemers steeg in september voor het eerst sinds februari weer. Mensen hebben vaker griep en melden zich ook veel ziek vanwege stress die mogelijk met een herfstdip te maken heeft. Lezers lieten op ons reactieplatform NUjij weten zich hierin te herkennen.
( 11
min )
Gokbedrijven hebben vorig jaar 3,4 miljard euro verdiend na aftrek van uitgekeerde winsten. Dat is 700 miljoen euro of bijna 26 procent meer dan in 2019, het laatste jaar zonder coronabeperkingen. In 2022 vergokten Nederlanders gemiddeld 258 euro per persoon.
( 9
min )
Brussel wil van TikTok en Facebook-moederbedrijf Meta binnen drie weken weten wat ze doen tegen de verspreiding van nepnieuws en desinformatie. Eerder kreeg X hetzelfde ultimatum. Als de maatregelen niet goed genoeg zijn, kan de Europese Unie dwangsommen opleggen.
( 9
min )
Universal Music sleept AI-chatbotmaker Anthropic voor de rechter in het Amerikaanse Nashville. Volgens de platenmaatschappij maakt de chatbot nieuwe muziek die te sterk lijkt op nummers van artiesten die bij Universal onder contract staan.
( 9
min )
BCC deelt niet meer mee welke winkels open of dicht zijn. Daarmee wil de failliete elektronicaketen onrustige situaties in de winkels voorkomen. BCC houdt faillissementsuitverkoop en dat trekt koopjesjagers.
( 8
min )
Vervoersbedrijf Arriva, dat ook in Nederland actief is, krijgt een nieuwe eigenaar. Moederbedrijf Deutsche Bahn heeft besloten het onderdeel te verkopen aan de Amerikaanse investeerder I Squared Capital.
( 8
min )
Autofabrikant Tesla maakt minder winst doordat het bedrijf de prijzen voor zijn auto's heeft verlaagd. Met die prijsverlagingen wil de fabrikant de toenemende concurrentie voorblijven
( 10
min )
Nederland telde vorige maand 371.000 werklozen. Dat komt neer op 3,7 procent van de beroepsbevolking, wat iets meer is dan een kwartaal eerder. Vooral jongeren hebben relatief vaak geen baan.
( 9
min )
Duizenden mensen adviseren elkaar in Telegram-groepen om autonoom te leven. Ze erkennen het gezag van de overheid niet en geloven dat ze niet aan financiële verplichtingen hoeven voldoen, zoals het betalen van boetes of bepaalde belastingen.
( 9
min )
Netflix heeft de afgelopen maanden weer miljoenen nieuwe abonnees weten te trekken. Dat komt vooral doordat de streamingdienst een stokje stak voor het delen van accounts met vrienden en familie. Meer mensen namen daarom een eigen abonnement.
( 9
min )
Nokia schrapt tot veertienduizend banen om kosten te besparen. Die ingreep moet de winstgevendheid op peil houden, meldt het Finse techbedrijf donderdag in een update over zijn strategie. Hoeveel banen in Nederland verdwijnen, is onduidelijk.
( 8
min )
Het Openbaar Ministerie is een strafrechtelijk onderzoek begonnen naar Chemours in Dordrecht. Daarbij wordt ook gekeken of leidinggevenden van dat chemiebedrijf aansprakelijk zijn te stellen voor vervuiling. Dat meldt het OM.
( 8
min )
Het aantal ziekmeldingen van werknemers is in september voor het eerst sinds februari weer gestegen. Mensen hebben vaker griep en melden zich ook veel ziek vanwege stress die mogelijk met een herfstdip te maken heeft, stellen arbodiensten ArboNed en HumanCapitalCare.
( 10
min )
Tesla’s profit tumbled 44% in the third quarter as the impact of steep price cuts continued to take a toll on the electric-car maker’s bottom line.
( 29
min )
It’s two years out from the COVID lockdowns, and some patterns are becoming clear. One that was not anticipated was a surge in reshoring of basic industries. The pandemic era highlighted vulnerabilities in our supply chain, and the government responded with a push to bring manufacturing back onto US shores. That push has included federal subsidies and incentives, but the motive remains simple: to reduce our dependence on foreign suppliers for everyday goods. The incentives have not been evenly a
( 36
min )
Tesla shares turned negative in after-hours trading after Chief Executive Elon Musk tempered expectations on the company’s new Cybertruck.
“It's a great product, but financially, it will take, I don't know, a year to 18 months before it is a significant positive cash flow contributor,” Musk said on
( 24
min )
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 21
min )
COO Ron Vachris will succeed Jelinek starting Jan. 1.
( 16
min )
The electric-vehicle maker reported adjusted earnings per share of 66 cents. Wall Street was looking for 70 cents.
( 19
min )
Maybe you didn’t know how bad the affordability situation has gotten in the housing market. (It's really bad.)
( 35
min )
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CD rates have been on a 20-month climb, setting new records in several terms. With rates already at their highest level in more than 20 years, will they go higher still?
( 21
min )
The company has since January resorted to steep price cuts and discounts, including reductions of more than 6% across models in the third quarter, to propel sales at a time when overall demand is under pressure. While those efforts drove up sales in the first half of the year, planned factory retooling to prepare for production of new models throttled Tesla's deliveries between July and September. Investors and analysts expect more price cuts as the automaker aims to deliver a record 476,000 vehicles in the fourth quarter to meet its annual target of 1.8 million vehicles.
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The Sam Bankman-Fried trial is 11 days in and witnesses continue to take the stand on behalf of the prosecution’s case. The defamed former co-founder of FTX and Alameda is on trial for seven criminal charges related to fraud and money laundering. On Wednesday, Peter Easton, an accounting professor at University of Notre Dame, testified regarding whether or not the FTX collapse was predicated on fraud.
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Procter & Gamble said profit rose 15% in its fiscal first quarter after price increases offset lower volumes across three out of its five categories.
Higher prices boosted the top line by 7% in the latest period, while sales volume declined 1%. The company's shares rose more than 2% in afternoon tr
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The drugstore chain has faced issues from failed mergers to hundreds of lawsuits over the opioid crisis.
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Yes, inflation is a tax on incomes, finds NYU’s Edward Nathan Wolff, but it also shrinks debts and can boost asset values, like homes.
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Rates on 30-year mortgages have surged another quarter point, pushing the 30-year average well above its recent 23-year high. Rates jumped for almost every loan type.
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Real estate investments can be lucrative assets. However, they can also incur capital gains taxes that weaken your profits. Fortunately, you can implement tactics that reduce capital gains taxes so you can keep more of your money. Although the IRS … Continue reading → The post Capital Gains Tax on Real Estate Investment Property appeared first on SmartAsset Blog.
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Berkshire Hathaway Inc. Chairman and CEO Warren Buffett is no ordinary gift recipient. Known for his extraordinary success in investing, he has remained one of the world's wealthiest people for years. Shopping for a family member is often challenging, but when that family member is Buffett, the dilemma becomes even more unique: What can you possibly give a billionaire who already has everything? Mary Buffett, who was married to Warren Buffett's son Peter, faced this question during their first C
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Aerospace supplier Spirit AeroSystems said its key customer, Boeing, has agreed to help it through its production problems.
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HARVARD BUSINESS SCHOOL Dean Srikant Datar Seven tenured professors at Harvard Business School, remaining anonymous out of fear of retaliation by Dean Srikant Datar, say his handling of the Francesca Gino case has rocked ... The post Harvard Business School Dean Srikant Datar Comes Under Attack From Seven Tenured Profs appeared first on Poets&Quants.
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In the world of dividend stocks, most companies follow a quarterly distribution schedule. Imagine a scenario where, instead of waiting for a dividend check every three months, you are getting paid every month. It's entirely feasible. A select group of companies pays monthly dividends. Realty Income Corp. (NYSE:O), for instance, has been doing so for decades. Because tenants typically pay rent every month, real estate has been a popular sector for investors looking to earn passive monthly income.
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Ken Fisher has a problem with the Fed, decrying it as ‘idiotic.’ And investors, says the billionaire stock picker, should not pay too much attention to its announcements. “Maybe you’re still worried about what the Fed says,” wonders the Fisher Investments founder. “The September minutes warned of higher rates for longer. But here’s a little secret: The Fed never has a clue what it will do. In May 2022, Fed Chairman Jerome Powell said, ‘a 75 basis point increase is not something that the committe
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Arm initiated, SQM downgraded: Wall Street's top analyst calls
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Several big regional banks are out with third-quarter results. The results are a mixed bag so far.
They disclosed more stable deposits—a relief after outflows at many banks earlier this year. But some
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Spirit Aeroystems shares advanced more than 20% Wednesday after the aircraft parts supplier said it had reached a tentative agreement with Boeing that would include some price increases for Spirit. Spir
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Airlines’ earnings are shaping up to be historic. United, Delta reported, and American is on tap.
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min )
Billionaire founder Jensen Huang can no longer sell two lucrative chips specially designed for the Chinese market, because they might help boost its military capabilities.
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Rite Aid said it plans to shutter 154 locations across the nation, with many of the stores slated for closure in California and Pennsylvania.
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Net interest income is being helped by the Federal Reserve's aggressive pace of rate hikes.
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US Bancorp beat estimates for third-quarter profit on Wednesday, as higher interest income from loans offset a hit from bigger credit-loss provisions. The U.S. Federal Reserve's aggressive monetary tightening over the past year to tame inflation has boosted profits at consumer-facing banks as customers pay a higher rate on their mortgages and credit card debt. Net interest income, which is the difference between what banks earn from lending and pay out on deposits, for the third quarter ended Sept. 30 rose 10.7% to $4.27 billion for USB.
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(Bloomberg) -- Oil prices rallied more than 3% and stocks fell as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pile P
( 35
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If you have $1 million in a 401(k) and collect a pension, you may be in a position to delay Social Security until age 70. Doing so can boost your monthly benefit by up to 24%. However, delaying Social Security will mean you’ll have to rely more heavily on your savings for several years and […] The post I Have $1 Million in Savings and a Pension. Should I Delay Social Security and Rely on My 401(k) for 8 Years? appeared first on SmartReads by SmartAsset.
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Brian Moynihan, the CEO of Bank of America, said although consumers are buying less, some families are beginning to spend more than they're bringing in.
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I currently have $680,000 in a 401(k), $150,000 in savings and a pension of $1,600 per month. Can I retire at age 62? – Hieu This is a good question and the answer depends primarily on what your expenses are and how much you will collect from Social Security. What we can do here is […] The post Ask an Advisor: I Have $680K in a 401(k), a Monthly Pension of $1,600 and Another $150K in Cash. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
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(Bloomberg) -- The Federal Reserve faces potential policy pitfalls ahead as it wrestles with how to respond to investor angst about the US government’s $33.5 trillion mountain of debt.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pile Pressure on School as David Magerman P
( 35
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ASML forecast flat revenue for 2024 as chip manufacturers are uncertain about the timing of the recovery in semiconductor demand.
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United Airlines says the Israel-Hamas war will hit fourth-quarter results, and ASML expects flat revenue in 2024. Morgan Stanley, Procter & Gamble, Tesla, and Netflix are scheduled to report earnings Wednesday.
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The property giant was once considered one of the safest developers in China, but the country’s property slowdown has claimed another victim.
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ASML said it sees 2024 as a transition year, expecting revenue to be similar to 2023, given uncertainty around the demand recovery in the semiconductor industry.
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When Laima Springe-Janssen was looking to replace her French-made gasoline-powered SUV with an electric car, she considered models from Volvo and Nissan. The Volvo extras she wanted would have busted her budget, while the Nissan lacked the “wow factor.” The Copenhagen, Denmark, resident ended up buying a compact SUV from China’s BYD.
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Charles Schwab can maintain its big lead over its rivals despite gripes among some advisors about the transition from TD Ameritrade.
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Distributions from you 401(k) plan don't affect the amount of your Social Security benefits, but they can affect whether they're subject to income tax.
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(Bloomberg) -- Carl Icahn criticized short sellers on Tuesday, months after his firm became the target of one. Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Biden’s Visit to Jordan, Arab Summit ScrappedHundreds Dead at Gaza Hospital as Israel, Hamas Trade BlameWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Putin Arrives in China to Meet Xi on Rare International Trip“I think there’s a place for short sellers without question but to go ou
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Brent crude futures jumped $1.62, or 1.8%, to $91.49 a barrel at 0148, with markets also braced for Chinese GDP numbers. West Texas Intermediate crude (WTI) futures were up $1.77, or 2%, at $88.43 a barrel. U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday.
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Most U.S. workers are automatically enrolled in the Social Security program, but a few groups are exempt from paying taxes into the Social Security system.
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 19
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The electric car maker has cut into profits by repeatedly slashing prices in an effort to drum up demand to little effect.
( 17
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CD rates have been on a 20-month climb, setting new records in several terms. With rates already at their highest level in more than 20 years, will they go higher still?
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The S&P 500 tumbled 1.3% on Wednesday, Oct. 18, 2023, with concerns about corporate earnings and the possibility that fighting between Israel and Hamas may escalate further.
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The ongoing consumer spending spree that’s propped up the economy and baffled economists in recent months could continue going strong, according to a new analysis.
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Albemarle shares sank after Bank of America downgraded the stock because of expected softness in the lithium market.
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Despite rumors of an upcoming price increase on its ad-free plans, Netflix's crackdown on password sharing has helped to boost subscriber numbers and revenue.
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J.B. Hunt shares tumbled after the shipping giant missed profit and sales estimates as freight prices declined.
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This guide explains the stimulus and relief efforts undertaken by the U.S. government during the COVID-19 crisis.
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Amazon's new robotic system, Sequoia, reduces processing time, increasing the number of goods available for same-day or next-day delivery.
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Bitcoin mining is how new bitcoins enter into circulation. It's also a critical component of the security of the blockchain ledger.
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Half of global fund managers surveyed by Bank of America see a weaker worldwide economy over the next 12 months, the bank said in its October 2023 Fund Manager Survey.
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Shares of Boeing supplier Spirit AeroSystems jumped after reaching a production agreement with Boeing to shore up its production system after quality issues delayed deliveries.
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China's economy, the world's second-biggest, grew more than expected in the third quarter, boosted by rising industrial production and consumer spending.
( 18
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Web 2.0 refers to the current version of the Internet; Web 3.0 is its next iteration, which will be decentralized, open, and of greater utility.
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Personal loans are available for consumers who went through bankruptcy, but they tend to be expensive.
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In 2023, the average disability benefit for a recipient of SSDI is $1,489 per month. The maximum SSDI payment is $3,627 per month. The amounts are increased annually.
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Lofty mortgage rates continue to discourage refinancing, while escalating insurance rates also help make buying a house out of reach for many.
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U.S. equities were lower at midday on Wednesday, Oct. 18, 2023, as the latest corporate earnings reports presented a mixed picture, and as concerns rose about fighting in Israel.
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Semiconductor equipment maker ASML's orders were much lower than expected, and the company warned sales will be flat in 2024.
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A debit note is a document used by a purchaser to inform a vendor of the quantity and dollar amount of goods being returned.
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min )
Personal Financial Specialist (PFS) is a specialty credential for CPAs who are experts at helping individuals with all aspects of wealth management.
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Nvidia is teaming up with Apple supplier Foxconn to set up AI-powered data centers for a wide range of applications, including electric vehicle and robotics platforms.
( 17
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3 kinds of indexing for ETF success include the market-cap-weighted index, the equal-weighted index, and the fundamental index.
( 28
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Rates on 30-year mortgages have surged another quarter point, pushing the 30-year average well above its recent 23-year high. Rates jumped for almost every loan type.
( 19
min )
Morgan Stanley shares slumped after reporting third quarter profit declined as sales at its wealth management and investment banking units fell short of estimates.
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These planning tips could maximize your Social Security income benefits, which can significantly enhance your financial security in retirement.
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Climate change and short-term weather uncertainty has boosted interest in listed weather derivatives, but inherent challenges still limit their market potential.
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Capital expenditures are major investments of capital to expand a company's business. Revenue expenses are short-term expenses to meet the ongoing operational costs of running a business.
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The bond market can be broken down into three main groups: issuers, underwriters, and purchasers. Learn what each set of players is responsible for.
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Procter & Gamble's gross margin continued to improve thanks to higher prices on many goods and production savings.
( 17
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A new survey shows inflation is causing a majority of retirement savers to rethink their strategy, with 75% saying they need to save more than planned
( 18
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Euro LIBOR is the London Interbank Offered Rate denominated in euros, which banks offer each other for large, short-term loans.
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Distributions from you 401(k) plan don't affect the amount of your Social Security benefits, but they can affect whether they're subject to income tax.
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If your goals include a big paycheck and working for a Wall Street firm, then you need to learn how to meet employers' expectations.
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Here is an economic portrait of the average American consumer, based on recent spending habits.
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A statutory stock option is a type of tax-advantaged employee stock option offered to employees by employers.
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Roll's critique is an economic idea that suggests that it is impossible to create or observe a truly diversified market portfolio.
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Accounting Standards Executive Committee (AcSEC) is now called the Financial Reporting Executive Committee.
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Grote pensioenfondsen staan er financieel beter voor dan enkele maanden geleden, waardoor een verhoging van de pensioenen dichterbij komt. Maar door de overgang naar een nieuw stelsel zijn de fondsen voorzichtig met het daadwerkelijk verhogen.
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Bedrijven en consumenten kopen massaal Israëlische en Palestijnse vlaggen. De Dokkumer Vlaggen Centrale (DVC) heeft afgelopen week al duizenden van deze vlaggen verkocht. Nog populairder is de vredesvlag, waarmee gemeenten en bedrijven geen partij hoeven te kiezen.
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Het elektriciteitsnet is in bijna alle provincies grotendeels vol. Steeds meer consumenten en bedrijven maken gebruik van warmtepompen, zonnepanelen en laadpalen. Vanaf 2025 investeren netbeheerders jaarlijks 8 miljard euro om aan de stijgende vraag te voldoen en knelpunten te voorkomen.
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Het elektriciteitsnet is momenteel in bijna alle provincies grotendeels vol aangezien steeds meer consumenten en bedrijven gebruikmaken van warmtepompen, zonnepannelen en laadpalen. Netbeheerders investeren vanaf 2025 8 miljard euro per jaar om aan de stijgende vraag te voldoen en knelpunten te voorkomen.
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De inflatie in het Verenigd Koninkrijk was in september 6,7 procent. Dat is precies even hoog als in augustus. Dat betekent dat de afname van de inflatie is gestopt, terwijl de Britse centrale bank ook is gestopt met renteverhogingen.
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De inflatie in het Verenigd Koninkrijk was in september 6,7 procent. Dat is precies even hoog als in augustus. Dat betekent dat de afname van de inflatie is gestopt, terwijl de Britse centrale bank ook is gestopt met renteverlagingen.
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Het elektriciteitsnet in ons land wordt de komende jaren flink uitgebreid. Netbeheerders investeren vanaf 2025 8 miljard euro per jaar om aan de stijgende vraag van consumenten en bedrijven te voldoen en knelpunten te voorkomen.
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Ook woensdag blijven alle winkels van BCC dicht, meldt de failliete elektronicaketen op X. Dinsdag bleven de winkels ook al gesloten, omdat de faillissementsuitverkoop tot grote drukte had geleid en de keten zich zorgen maakt om de veiligheid van het personeel.
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QatarEnergy gaat de komende 27 jaar tot 3,5 miljoen ton vloeibaar gemaakt aardgas (lng) per jaar aan Shell in Nederland leveren. Die hoeveelheid is voldoende om ruim 3,1 miljoen huishoudens van gas te voorzien.
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In de Rotterdamse haven wordt binnenkort gestart met het Porthos-project, waarbij CO2 wordt afgevangen en opgeslagen onder de zeebodem. De betrokken partijen maakten woensdag bekend dat ze definitief hebben besloten het omstreden project door te zetten.
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Als het aan de Tweede Kamer ligt, gaan er vanaf 2025 in de spits vier intercity's per uur vanuit de Randstad naar Groningen rijden. Later moet dat ook buiten de spits zo zijn, maar daar zijn aanpassingen van het spoor voor nodig.
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De lidstaten van de Europese Unie hebben een akkoord bereikt over nieuwe regels voor de stroommarkt. Zo moet voorkomen worden de prijzen voor elektriciteit weer zo hoog oplopen als in de voorbij twee jaar.
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Mensen uit Nieuw-Zeeland en de Filipijnen die met een nieuw account berichten willen delen op X, moeten daarvoor gaan betalen. Het gaat om respectievelijk 80 en 70 eurocent per jaar. De bedoeling is dat dit abonnement bots en spammers tegenhoudt.
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De Chinese economie is in het derde kwartaal met 4,9 procent gegroeid ten opzichte van een jaar eerder. De verwachting was dat de tweede economie ter wereld het door onder meer een wankele vastgoedsector juist minder goed zou doen.
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De Verenigde Staten leggen bedrijven nieuwe beperkingen op voor de chiphandel met China en die pakken negatief uit voor ASML. Wel denkt de Veldhovense chipmachinefabrikant dat de gevolgen beperkt blijven.
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Om plastic zwerfafval tegen te gaan, mogen fabrikanten in de EU vanaf komende zomer alleen flessen met vaste doppen maken. Sommige bedrijven experimenteren daar nu al mee, al blijft het wennen. "We zagen de klant ineens naar de concurrent grijpen."
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Learn how prepaid expenses are recorded on a company's financial statements, including why prepaid expenses are considered assets.
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The income you earn during your working years is a major factor in calculating your Social Security benefits. See how much of a monthly benefit you could receive.
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Downturns in the business cycle cause cyclical unemployment, so policymakers should focus on expanding output, which can be achieved by stimulating demand.
( 24
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 19
min )
For the first time ever, some taxpayers will be able to file their taxes online directly with the IRS for free, without using a third-party service like TurboTax or H&R Block.
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min )
The federal government annually limits how much of your earnings are subject to the Social Security tax.
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The S&P 500 dipped 0.01% on Tuesday, Oct. 17, 2023, as news that retail sales jumped more than expected in September renewed concerns about more Fed rate hikes.
( 18
min )
Luxury EV carmaker Lucid Group reported deliveries of its Air sedan that fell far short of analysts' estimates.
( 17
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General Motors delayed to late 2025 plans to convert the Orion Assembly plant to electric vehicle production as the United Auto Workers strike continues against it and the other Big Three automakers, Ford and Stellantis.
( 17
min )
The Supertrend Indicator Is a Popular Technical Analysis Tool Designed to Assist Traders in Identifying Market Trends
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Shares of VF Corp. soared close to 14% Tuesday as activist investor Engaged Capital disclosed plans to try to boost the apparel retailer's value after taking a major stake in the firm.
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min )
Covered Call ETFs Sell Call Options on Securities They Own, Generating Income for Investors and Helping Protect Against Volatility.
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Social Security isn't going away, but the fund may not have enough reserves to pay full benefits by the time you retire unless Congress acts. Learn more.
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The Social Security trust funds receive payroll taxes, pay out benefits, and invest any surplus in special government-backed securities.
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Affluent investors are increasingly relying on financial advisors amid economic uncertainty, according to research from Cerulli Associates.
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The final day on which a futures contract can be bought or sold is its expiration date.
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Taylor Swift has amassed a net worth of an estimated $740 million, thanks to record-breaking concert ticket and album sales, as well as a sprawling real estate empire.
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Liquidity preference theory concerns how stakeholders value cash relative to receiving interest over varying lengths of time.
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Choice Hotels offered stockholders $90 for each Wyndham share owned, with an option to choose cash, stock, or a combination of cash and stock.
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From the Japanese bubble to overseas manufacturing, violent swings in exchange rates and the value of the yen have affected the Japanese economy.
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When self-employed, you must pay the full 12.4% tax rate, rather than the 6.2% when employed by someone else. But there are deductions to help lighten the tax burden.
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Investors Often Confuse Blockchain and Bitcoin. This Confusion Carries Over into ETFs. How Do Blockchain ETFs and Bitcoin ETFs Differ?
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A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals.
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The Builder Confidence Index fell for the third consecutive month to 40 from 44 in September, as higher rates are keeping buyers on the sidelines.
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Tesla will recall 54,676 Model X vehicles made between 2021 and 2023, for reported failures to display a warning light for low brake-fluid levels.
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Rates on 30-year mortgages have been bobbing around above 8%, rising now to their highest point in ten days. Averages were up for most other loan types as well.
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U.S. equities were mixed at midday on Tuesday, Oct. 17, 2023 following a report showing retail sales jumped well above expectations in September, raising concerns of more Fed interest rate hikes ahead to fight inflation.
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Johnson & Johnson beat profit and sales estimates and boosted its outlook as pharmaceutical and medical device sales gain while demand for COVID-19 vaccines wanes.
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Can anything stop U.S. consumers from spending? Not so far, according to the latest figures on retail sales.
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Bank of America's earnings and revenue exceeded forecasts, boosted by an increase in interest income because of higher borrowing costs.
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min )
With Apple leading the pack and other tech firms following, these are the 10 most profitable companies in the world by 12-month trailing net income.
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These investment vehicles provide exposure to Bitcoin without the added expenses and hassle of owning the cryptocurrency.
( 24
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Tipflation refers to the increase in the amount you're expected to tip, which can be much higher than higher than what has been customary in the past.
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Goldman Sachs Group's third-quarter profit shrank by about 33% to $2.06 billion, or $5.47 per share, due to impairments in real estate and losses from its consumer banking missteps, despite a boost from higher trading revenues.
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Global smartphone sales fell to their lowest third-quarter level in a decade, owing to a sluggish recovery in consumer spending, according to Counterpoint Research.
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Learn why increases in the cost-of-living adjustment for Social Security benefits don't occur each year automatically.
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min )
The attack on Israel came at a critical time in the Middle East as the country was forming new economic alliances with Saudi Arabia and other nations that would reshape the geopolitical landscape in the region. Professor Simon Mabon of Lancaster University explains how that was playing out, and what might come next as Israeli forces enter Gaza ahead of a cold winter.
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min )
The Self-Employed Contributions Act tax is a U.S. government levy on those who work for themselves, rather than for an outside company.
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The new rules, which significantly constrict sales of advanced semiconductors to the Chinese market, came despite intense lobbying by chip companies.
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President Biden's $7 billion investment in seven regional hydrogen hubs aims to accelerate clean hydrogen production, reduce carbon emissions, and boost energy security, with the goal of achieving net-zero emissions by 2050.
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
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The two megabanks continue to shrink their branch networks, with BofA planning to close 20 locations and Wells recently shuttering 15. Both banks are also opening new branches in certain markets.
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The federal government annually limits how much of your earnings are subject to the Social Security tax.
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Luxury EV carmaker Lucid Group reported deliveries of its Air sedan that fell far short of analysts' estimates.
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(Bloomberg) -- A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage. Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Gaza Officials Say Hospital Strike Kills HundredsPutin Arrives in China to Meet Xi on Rare International TripWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Israel Latest: Blinken Works on Gaza Aid as Biden Set to VisitThe properties, located in ci
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Shares of VF Corp. soared close to 14% Tuesday as activist investor Engaged Capital disclosed plans to try to boost the apparel retailer's value after taking a major stake in the firm.
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The IRS rolled out new details for how select taxpayers will be able to prepare and file their income taxes online directly with the IRS for free.
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The “lock-in” effect is making the housing market unappealing for both buyers and sellers.
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(Bloomberg) -- U.S. Bancorp surged after the Federal Reserve released it from a commitment to meet requirements for larger banks by the end of next year.Most Read from BloombergStocks Fall, Yields Rise as Hot Data Fuel Fed Bets: Markets WrapPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Biden Plans High-Stakes Israel Visit to Keep War From EscalatingRegulators said the re
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Johnson & Johnson (JNJ) raised its adjusted earnings outlook for the year after posting higher third-quarter revenue, despite a drop in sales of its Covid-19 vaccine.
J&J's shares, down nearly 11% this year, fell more than 1% in afternoon trading.
It
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With the stock price a touch below what Goldman Sachs would be worth in a theoretical liquidation, investors now are effectively paying nothing for the franchise.
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The Biden administration is tightening restrictions on the sale of advanced chips to China, sparking fears of retaliation.
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min )
The “Shark Tank” star sold her property business for $66 million in 2001.
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The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax Roth account. The rule change was originally set to start in 2024, but will […] The post Good News for People Who Make $145K: IRS Delays New Catch-Up Contribution Rule Until 2026 appeared first on SmartReads by SmartAsset.
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With Apple leading the pack and other tech firms following, these are the 10 most profitable companies in the world by 12-month trailing net income.
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The Biden administration is tightening its restriction on exports of artificial intelligence chips to China.
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Wall Street’s top strategist said much depends on whether current prices can be maintained in the short term.
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(Bloomberg) -- Lucid Group Inc.’s output of electric vehicles fell 29% on the quarter, raising questions about its ability to meet a full-year production target of more than 10,000 EVs. Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitPutin Arrives in China to Meet Xi on Rare International TripYour Guide to Understanding the Roots of the Israel-Hamas WarBiden Plans High-Stakes Israel Visit to Keep War From EscalatingIsrael Latest: Army Says Hamas Officials De
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Shares of Nvidia and other semiconductor stocks dropped Tuesday after the U.S. said it would would significantly constrict exports of artificial-intelligence chips, making it harder
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Shares of VF jumped early Tuesday after the Journal reported that activist investor Engaged Capital has built a big stake in the company, which owns retail brands including The North Face and Vans.
The stock was recently up about 9%. It was down 41% this year through Monday's close even after a nea
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Everyone has different strategies they put to work in the stock market, but the goal for all remains the same: to maximize returns. Of course, that applies to the big investing institutions too. The world’s biggest asset manager, BlackRock, boasting ~$9.43 trillion of total assets under management, uses a systematic investing method—an investment strategy that prioritizes the use of data-driven analysis, rigorous testing of investment concepts, and sophisticated computer modeling methods in its
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Shares of VinFast are swinging between small gains and losses Tuesday, a day after the once-hot Vietnamese electric-car startup slid 18% and hit new lows.
The latest declines came after the company's CEO sa
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Engaged Capital has built a big stake in VF, owner of retail brands including Vans and The North Face, and plans to push for a slew of changes including steep cost cuts.
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Chinese electric vehicle giant BYD on Tuesday said it expects third-quarter net profit to as much as double thanks to robust sales and effective cost control. "Despite the increasingly intensified competition in the automobile industry in the third quarter, the company continued to record profit," BYD said in the filing. This was down to the company "leveraging on its improving brand influence, continuously expanding scale advantage and strong industrial chain-wide cost control capability, demonstrating strong resilience", it said.
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Thermo Fisher will acquire proteomics company Olink for $26 per American depositary share in cash.
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Greta Thunberg has joined climate activists blocking a London hotel where oil executives are holding a meeting.
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Bank of America reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106 billion in paper losses in the second quarter. The second-biggest U.S. lender had about $603 billion in held-to-maturity securities, it said in a filing on Tuesday, shrinking from $614 billion in the second quarter. Unrealized losses have come under closer scrutiny by investors since March.
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Choice Hotels International has announced a proposal to acquire Wyndham Hotels & Resorts for $90 a share.
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Tupperware Brands on Tuesday named consumer goods industry veteran Laurie Ann Goldman its new CEO, replacing Miguel Fernandez effective immediately, as the storage container maker looks to turn its struggling business around. Goldman has previously held the top job at beauty products firm Avon North America between 2018 and 2019, and served as the CEO of shapewear maker Spanx from 2002 to 2014. "Now is the right time to bring in new leadership, and Laurie Ann is exceptionally well-suited to advance our long-term strategy and accelerate growth," said Susan Cameron, chair of Tupperware's board.
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1789 Capital, a firm co-founded by Omeed Malik, invests in a “parallel economy” of conservative-friendly companies.
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Lockheed Martin still expects to grow sales this year despite the budget morass that has left Pentagon spending stuck at prior-year levels and preve
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Lockheed shares are up about 10% since war broke out between Israel and Hamas.
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The Wall Street giant reported net profit of $2.06 billion, or $5.47 per share, for the three months ended Sept. 30, it said on Tuesday. Shares of the bank dipped 0.4% in premarket trading. Goldman's ill-fated foray into consumer banking proved costly, losing $3 billion over three years.
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The second-largest U.S. bank on Tuesday posted net income of $7.27 billion, or 91 cents per share, in the three months ended Sept. 30. BofA's investment banking and trading units managed to outperform Wall Street expectations as they reported higher revenue, bucking an industry-wide slump. Meanwhile, lenders have seen their interest income swell as they had more room to charge customers higher rates on loans after the Federal Reserve raised borrowing costs in its fight against inflation.
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Investors are focused on how Johnson & Johnson, now a standalone pharmaceutical and medical devices company, will reach its goal of $57 billion in drug sales by 2025. Excluding its consumer health unit, the company now expects 2023 adjusted profit of $10.07 to $10.13 per share, compared with its previous outlook of $10.00 to $10.10 per share. J&J posted a third-quarter profit of $1.69 per share, compared with $1.62 per share a year earlier.
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The pharma giant has had to slash projections, but investors welcome its plans to cut costs.
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(Bloomberg) -- As the buzz surrounding weight-loss drugs gets ever louder, analysts at Goldman Sachs Group Inc. are predicting a potential $100 billion market opportunity, with Eli Lilly & Co. and Novo Nordisk A/S leading the pack.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in
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In West Palm Beach’s historic Flamingo Park neighborhood, those who own their homes outright are dropping their insurance, and some who can’t are selling their homes.
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Ericsson’s decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.
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Johnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin guidance, and NetScout reduces its outlook for fiscal 2024.
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Apple touted over $10 billion in user deposits into its savings accounts with Goldman, but some bank insiders reportedly see the venture as a mistake.
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(Bloomberg) -- Ericsson AB shares fell to the lowest in six years after it said market weakness will persist into the fourth quarter and beyond, as the company struggles to counter reduced investment in fifth-generation mobile infrastructure from US and European operators.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army
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Lonza said its core earnings growth for 2023 will be above its previously indicated range, but cautioned its profits next year will take a hit from lost Moderna revenue.
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An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved.
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Wall Street is paying attention to something called "term premia," a demand by bond holders for more yield that can put the brakes on the economy.
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Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 30% slump in third-quarter profit on Thursday but analysts predict robust growth next year as the chip industry emerges from its current downturn. Revenue for the quarter came in at around $17 billion, according to TSMC figures, down 20% from a year earlier and roughly the middle of the company's forecast range. Global demand for semiconductors began to weaken in the second half of last year, but analysts say inventories at smartphone and computer makers are running down and restocking demand is expected to pick up.
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Housing inventory will remain tight enough for home prices to keep appreciating for the next three years, MBA says.
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The Strategic Petroleum Reserve currently sits at 40-year lows at 351 million barrels, according to the Energy Department.
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Ruim acht op de tien bedrijven zeggen afgelopen jaar maatregelen te hebben genomen om groener te werken. Vooral het terugdringen van het energieverbruik was populair.
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Jeff Bezos, de oprichter en topman van webgigant Amazon, is sinds deze week de op een na rijkste persoon op aarde. De Amerikaan passeerde Bernard Arnault en moet alleen nog Elon Musk voor zich dulden.
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Jeff Bezos, de oprichter en topman van webgigant Amazon, is sinds deze week de op een na rijkste persoon op aarde. De Amerikaan passeerde Bernard Arnault en moet alleen nog Elon Musk voor zich dulden.
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In een eerste strafzaak over verboden handel met Rusland is dinsdag een celstraf van drie jaar en een geldboete van 350.000 euro geëist door het Openbaar Ministerie. De verdachte ondernemer zou stiekem chips en een drone naar Rusland hebben verhandeld.
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Vacansoleil verdwijnt na het faillissement in september in Franse handen. Het online reisbureau maeva neemt Vacansoleil over. Maeva is net als Center Parcs eigendom van de Pierre & Vacances-Center Parcs Group.
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Luchtvaartmaatschappijen die een branchegenoot overnemen, moeten straks aan strengere EU-regels voldoen. Er zijn zorgen over de beperkte concurrentie op sommige routes, zegt Eurocommissaris Didier Reynders in een interview met Financial Times.
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Apple loopt met zijn marktaandeel op de smartphonemarkt steeds verder in op Samsung, zo blijkt uit cijfers van marktonderzoeker Canalys. Van alle verkochte smartphones is 20 procent een Samsung en 17 procent een iPhone.
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In de nieuwe telefoons van Google ligt de nadruk op kunstmatige intelligentie. En dat merk je vooral bij het bewerken van foto's op de Pixel 8 Pro. Nieuwe functies maken het kinderlijk eenvoudig om grenzen tussen echt en nep te vervagen.
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Het pensioenstelsel in Nederland is het beste in de wereld. Daarmee is ons land terug op nummer één, een plek die we vorig jaar moesten afstaan aan IJsland.
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De internationale trein verleidt voorlopig maar een klein deel van de reizigers die nu nog op Schiphol het vliegtuig pakken, concludeert het Kennisinstituut voor Mobiliteitsbeleid (KiM). Ondanks goedkopere tickets biedt de trein nog te weinig voordelen.
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LinkedIn heeft opnieuw een ontslagronde aangekondigd. Daarbij verliezen 668 mensen hun baan, oftewel 3 procent van het personeelsbestand van het zakelijke sociale netwerk.
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Een mondiaal statement over het afbouwen van fossiele brandstoffen. Vooraf werd gedacht dat de EU daar bij de komende klimaattop in Dubai sterk op wilde inzetten. Maar dan moeten de lidstaten eerst elkaar overtuigen. Dat lukte maandag niet goed.
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Het Rijk is op zoek naar plekken waar na 2030 op grote schaal gebouwd kan worden. Op de lange termijn zijn er meer woningen nodig voor de groeiende bevolking. Demissionair minister Hugo de Jonge (Wonen) kijkt daarvoor naar regio's buiten de Randstad.
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Een mondiaal statement over het afbouwen van fossiele brandstoffen. Vooraf werd gedacht dat de EU daar bij de komende klimaattop in Dubai sterk op wilde inzetten. Maar dan moeten de lidstaten eerst elkaar overtuigen. Dat lukte maandag niet goed.
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De kosten om windenergie van zee naar land te krijgen, vallen de komende decennia veel hoger uit dan verwacht. Gevreesd wordt dat huishoudens daardoor meer moeten betalen om stroom geleverd te krijgen. Dat meldt demissionair minister Rob Jetten van Klimaat en Energie.
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We’re in the midst of a major economic transition, one that may eventually match the changes of the Industrial Revolution. The change, of course, is the advent of the green economy, and the switch from fossil fuel energy sources to renewable energy. While wind and solar power are soaking up the headlines, a more plausible long-term green power source is already near at hand: hydrogen. Hydrogen is the most abundant of all the chemical elements, and also the simplest by molecular structure. It is
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Country Garden's entire offshore debt will be deemed to be in default if China's largest property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period.Non-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts. Lack of payment - which is expected after Country Garden last week warned about its inability to meet offshore debt obligations - would make the firm the latest in scores of Chinese developers who have defaulted. Country Garden has also missed other offshore payments in the past few weeks though those payments still have not seen their 30-day grace periods lapse.
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How to take over the family finances after a tragedy? How about not like this: I got a call maybe a month or three after my 55-year-old husband died from cancer, leaving our 12-year-old son and me stunned that this big personality had finally, in my husband’s words, “rolled over and called it a life.” I was picking up my elderly parents from the airport when I got an urgent call from the new manny (a male caretaker would be good for the kid, I was advised) saying, “Um, there’s a man here to take
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(Bloomberg) -- US pharmacy chain Rite Aid Corp. is moving quickly to sell its assets in bankruptcy, over the objection of at least one potential bidder, because the company faces looming financial deadlines, a company lawyer said during the chain’s first day under court supervision.Most Read from BloombergIsrael Latest: Biden to Visit; Strikes on Hezbollah TargetsYour Guide to Understanding the Roots of the Israel-Hamas WarIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee
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Roughly 64% of CEOs believe there will be a full return to office by 2026, according to a survey of more than 1,300 CEOs from KPMG.
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
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(Bloomberg) -- Wells Fargo & Co. and JPMorgan Chase & Co. are leading the biggest Wall Street banks in tapping the US investment-grade market after reporting third-quarter earnings.Most Read from BloombergYour Guide to Understanding the Roots of the Israel-Hamas WarIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthIsrael Latest: Minister Tells Blinken to Brace for ‘Long War’US Pushes to Contain Israel-Hamas War, Warns Iran About EscalationStocks Rise Amid Efforts to S
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Among the items claimed were two pasta dishes — one with pesto and one with Bolognese — on the same restaurant bill.
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Snap stock rallied 12% on Monday in response to an upbeat note from CEO Evan Spiegel to the social media company’s staff about the financial outlook for 2024.
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Bank of America expects slightly higher profits and a 2% gain in net interest income.
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"We need to come together to bring an end to this acrimonious round of talks," the great grandson of Henry Ford said.
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Snap stock rallied 12% on Monday in response to an upbeat note from CEO Evan Spiegel to the social media company’s staff about the financial outlook for 2024.
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Mortgage rate lock-in effect is making homeowners hold on for longer: “You can’t buy what’s not for sale,” one pro says.
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Wall Street analysts expect Johnson & Johnson to report earnings of $2.52 per share for the third quarter and sales of $21 billion, according to FactSet.
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(Bloomberg) -- John Paulson sued his former Puerto Rico business partner, accusing him and several members of his family of siphoning millions of dollars from the hedge fund billionaire to finance a luxury lifestyle.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee Sout
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Bank of America expects slightly higher profits and a2% gain in net interest income.
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Garry Gensler told the Financial Times that AI could cause a financial crash as soon as the late 2020s or early 2030s.
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(Bloomberg) -- The lucrative broker commission system at the heart of the US residential housing market is facing unprecedented antitrust scrutiny from the Justice Department and two private class-action lawsuits that risk weakening the National Association of Realtors, the industry’s powerful lobbying group.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthIsrael Latest: Minister Warns of Long War as Biden Weighs VisitUS Pushes to Contain Isra
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Only its "fair share."
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(Bloomberg) -- Gasoline is so weak in the US that some refiners are losing money making it. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden Weighs Trip, Shekel Drops Past 4 Per DollarXi’s $1 Trillion ‘Project of the Century’ Gets a Reality CheckStocks Rise Amid Efforts to Stifle Israel Conflict: Markets WrapWhile benchmark futures reflect gasoline margins t
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Shares of Charles Schwab rose about 5%, making them the best performers in the S&P 500, after the brokerage giant said bank deposit outflows were slowing.
The bank had about $284 billion in deposits at the end of the third quarter, down 7% from the previous quarter.
Compared with a year earlier, S
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Bill Ford, the great-grandson of company founder Henry Ford, said the strike and escalating contract battle with the union are threatening the industry’s future.
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A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal. A British judge has ruled that the bank was entitled to sack Szabolcs Fekete for gross misconduct because he lied when he claimed to have consumed two sandwiches, two coffees and two pasta dishes during a work trip, when he had really shared them with his partner. When the company queried his expenses for a July 2022 business trip to Amsterdam, Fekete emailed: “I was on the business trip by myself and that I had 2 coffees as they were very small.”
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Kathy Vegh Hughes is the "head hen" and founder of Cutest Coops, an Ohio-based company that offers functional yet aesthetically pleasing chicken coops. Vegh Hughes is a first-generation American who recounts how her father came from Budapest, Hungary, with a change of clothes and a ping-pong paddle but was able to develop multiple business ventures. He built companies including a ping-pong center, a pool hall and a related products retail store that eventually turned into five locations. She was
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Not only does O'Leary see a "correction" coming for the office sector, but in New York it may be better "to actually tear these buildings down and rebuild.”
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Rates on 30-year mortgages edged lower Friday, ending the week more than a quarter point lower than the week before. Rates for most other loans types were mostly steady.
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Henry Ford's great-grandson Bill Ford had a very different message for the union than what members have been hearing from UAW President Shawn Fain.
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If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You'll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from … Continue reading → The post How to Avoid Tax on a Savings Account appeared first on SmartAsset Blog.
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Moderna is sticking by its forecast range for 2023 Covid-19 vaccine sales, after rival [Pfizer cut the sales outlook for its own shot](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-16-2023/card/pfizer-stock-falls-on-guidance-cut-other-covid-19-vaccine-makers-also-drop-SA1rMYsazC5f
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Nishad Singh is the latest member of Sam Bankman-Fried’s inner circle to take the stand after pleading guilty.
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The automotive industry is shifting, under a combination of impulses, from internal combustion engines to electrically powered vehicles. There has been much commentary on this shift, on its efficacy and practicality, but we’ll focus here on a factor that most people probably don’t think about: lithium. Lithium-ion batteries are the beating heart of electric vehicles (EVs); Elon Musk has said that ‘lithium batteries are the new oil.’ Musk has been right too often for us to ignore him – and on top
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CVS stock may also be getting a boost from UnitedHealth earnings last Friday.
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Bitcoin and other cryptocurrencies surged Monday on the rising possibility that the Securities and Exchange Commission soon will approve the first spot Bitcoin ETF.
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Novo Nordisk agreed to buy hypertension drug ocedurenone from KBP Biosciences for up to $1.3 billion.
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Pfizer will take a big charge for its unused Covid-19 treatments. The U.S. will return treatments of the company’s Paxlovid drug as coronavirus vaccination rates fall.
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Rite Aid filed for bankruptcy, said it will close more of its stores, and named Jeffrey Stein its new CEO as part of a restructuring.
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Four years ago, legendary Wall Street investor Carl Icahn made a huge bet against the future of the U.S. shopping mall in what was called the Big Short 2.0. His wager pitted him against hu
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Existing-home sales data for September, set for release this week, is expected to show that sales slumped to the lowest level in more than a decade as mortgage rates rose.
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Shares of Pfizer are in retreat on the first day of trading after the drug company said sales of its COVID-19 vaccine and its coronavirus treatment are in less than expected and cut revenue expectations for the year by $9 billion. Falling sales of both clipped sales in the second quarter, but Pfizer said in August that it expected a rebound in the second half of 2023. Shares of Pfizer slid nearly 3% before the opening bell Monday and Moderna, which makes a competing vaccine, slid as well.
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(Bloomberg) -- Charles Schwab Corp. reported Monday that its net interest revenue sank 24% to $2.2 billion from the year prior as clients moved cash into higher-yielding products.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechRite Aid Files for Bankruptcy as Debt Load, Opioid Risk RiseIsrael Latest: Biden, Scholz Make
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The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.
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Tom Cowhey, senior vice president of corporate finance, has stepped in as interim finance chief.
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Ineos Chair Jim Ratcliffe would pay over $1.5 billion for the stake in Manchester United if his bid for the soccer club is accepted by the Glazer family that controls it, Reuters reported on Sunday, citing a person familiar with the matter. Ratcliffe's bid puts the club valuation close to $6.5 billion, excluding net debt of more than $600 million, the report said, topping a rival offer from Qatar's Jassim for 100% of the Premier League club.
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Stocks of Pfizer and rival Covid-19 vaccine makers fell in premarket trading after the drugmaker sliced its sales guidance.
Pfizer said late Friday it was cutting its 2023 revenue guidance range by $9 bill
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General Motors and Ford have laid out ambitious plans to spend billions developing new electric vehicles while returning capital to investors, all funded by robust profits from combustion trucks and SUVs. The mounting costs of the United Auto Workers strikes, and the eventual rich contract settlements, are putting those plans at risk, analysts said. GM will report third-quarter results Oct. 24, with Ford following on Oct. 26.
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With retirement nearly within your grasp, a few years more of working may seem daunting. But before you make any final decisions, you must make sure you can retire securely. Here, we have a profile with about $1.75 million in savings on top of Social Security. Can you retire now? It depends on factors specific […] The post I’m 62 Years Old, Have $1 Million in Cash, $750k in an IRA and Social Security. Should I Retire Now? appeared first on SmartReads by SmartAsset.
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Todd Combs, investment officer at Buffett’s Berkshire Hathaway, also shared advice for those starting out in their careers.
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Nvidia stock was falling early Monday following a report the chip maker could face further restrictions on exports of its artificial-intelligence chips to China.
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Over two dozen stocks in the consumer sectors of the S&P 500 set new 52-week lows in October.
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Drugstore chain Rite Aid filed for bankruptcy late Sunday, said it will close more of its stores and named a new CEO as part of a restructuring.
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A spot Bitcoin ETF will allow BTC be easily tradeable without the headaches and pitfalls of self-custody. Its arrival — likely just around the corner — will mark the moment crypto goes mainstream.
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(Bloomberg) -- Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle Ea
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Pfizer slashes revenue expectations, a report says an activist has built a stake in News Corp, and Rite Aid files for bankruptcy.
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Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.
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World shares fell and oil prices were mixed as investors braced Monday for an expected invasion by Israel in the Gaza Strip. Israeli forces, supported by a growing deployment of U.S. warships in the region and the call-up of some 360,000 reservists, have positioned themselves along Gaza’s border and drilled for what Israel said would be a broad campaign to dismantle the militant group Hamas. “The world now holds its breath as Israel prepares for a full-scale ground invasion of Gaza, with only unseasonal torrential rain delaying the seemingly inevitable.”
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Shares fell in Asia as investors braced Monday for an expected invasion by Israel in the Gaza Strip. U.S. futures edged higher while oil prices were little changed. Israeli forces, supported by a growing deployment of U.S. warships in the region and the call-up of some 360,000 reservists, have positioned themselves along Gaza’s border and drilled for what Israel said would be a broad campaign to dismantle the militant group.
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Jean-Pierre Mustier, the former CEO of Italian bank UniCredit, is taking the helm of Atos' board, the company said. He will be tasked to revive investors' trust and secure the contemplated deal with Kretinsky after a governance crisis and a series of setbacks pummeled Atos' shares, now trading at near record lows. The contemplated sale of Atos' loss-making legacy IT operations to Kretinsky is contested by several minority shareholders and some French politicians.
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Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize. The CEO concentrated the business, exiting less productive properties and dumping an in-house service arm, and set out a mission to make Pioneer the leanest, profitable and most desirable catch among U.S. shale independents. Sheffield emerged as a shale statesman, encouraging the U.S. to lift a 40-year ban on exports of U.S. crude oil and snatching up rivals while publicly warning of a coming consolidation.
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(Bloomberg) -- Birkenstock Holding Plc, the 249-year-old footwear brand, stumbled onto Wall Street last week in a debut that could quash the fledgling rebound of initial public offerings.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understandin
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(Bloomberg) -- Rite Aid Corp., one of the biggest pharmacy chains in the US, filed for bankruptcy as it looks to restructure debts including opioid liabilities. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding the Roots of the Israel-
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(Bloomberg) -- China is tightening curbs on short-selling activities as authorities step up efforts to shore up a struggling stock market.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding the Roots of the Israel-Hamas WarThe Securities
( 33
min )
(Bloomberg) -- US equity futures gained while Treasuries and the dollar slipped, in a sign that traders are weighing the efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East War
( 35
min )
$22mn case exposes the risks in opaque world of Zürich’s independent wealth advisers
( 24
min )
The drugstore chain faces thousands of lawsuits over opioid crisis and struggled for years with failed mergers.
( 28
min )
U.S. company cites difficulty of completing deal for Liontown Resources after Gina Rinehart bought large stake
( 28
min )
Hui Ka Yan, once one of the world’s richest men, led China Evergrande through its rise and fall. His failures in the aftermath made the property developer’s collapse a bigger problem for the country’s slumping housing market.
( 28
min )
Seniors choosing Medicare plans can fall into traps leaving them with higher costs or fewer doctors than they expected. ‘I was so stupid.’
( 24
min )
(Bloomberg) -- Albemarle Corp., the world’s largest lithium producer, has walked away from its A$6.6 billion ($4.2 billion) takeover of Australian miner Liontown Resources Ltd.Most Read from BloombergIsrael Latest: Army Says Over 600,000 Gazans Have Fled SouthUS Pushes Bid to Avert Wider Israel War After Iran WarningIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarGlobal Markets Stable as US Pushes to Contain Middle East WarTh
( 32
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 19
min )
Personal loan rates edged up to 21.01% this week, adding 10 basis points since last week when the average personal loan rate stood at 20.91%.
( 18
min )
The S&P 500 rose 1.1% on Monday, Oct. 16, 2023, posting solid gains as the markets kick off a week of noteworthy earnings reports.
( 17
min )
Raymond James Financial shares gained as the firm agreed to use tax-management technology provided by JPMorgan Chase.
( 17
min )
Moderna shares fell to an almost three-year low after the biotech firm reiterated its full-year guidance but warned it couldn't yet predict COVID-19 vaccine demand.
( 17
min )
Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of a downtrend.
( 25
min )
Bitcoin's price spiked temporarily Monday after an incorrect report that Blackrock's bitcoin spot exchange-traded fund (ETF) had been approved.
( 17
min )
What to know about how the versatile and ubiquitous investment vehicles known as exchange-traded funds, or ETFs, are created.
( 25
min )
The Federal Reserve shouldn’t raise its influential fed funds rate above the 22-year high where it’s been since July, Patrick Harker, president of the Federal Reserve Bank of Philadelphia, said Monday.
( 18
min )
A hardship default is a failure to make a scheduled payment on a debt due to a financial setback.
( 24
min )
Dropshipping can be a lucrative business model with minimal startup costs. Here's what you need to know to start a dropshipping business.
( 24
min )
These companies had the most complaints about student loans reported to the Consumer Finance Protection Bureau.
( 25
min )
Starting an online business can be a powerful way to launch a new product or service while reaching a wider audience. With market research, a solid business plan, a strong website, and a digital marketing strategy, you can get started in growing your company effectively.
( 23
min )
Regulators reportedly want to expand the list of AI semiconductor chips that fall under export control rules, a move which could target chips Nvidia designed just to meet the export guidelines.
( 18
min )
Tax-loss harvesting is selling securities at a loss to offset the amount of capital gains tax owed on other investments.
( 23
min )
Lululemon and Hubbell will join the S&P 500 on Wednesday, which could can benefit the companies by boosting name recognition and accessibility of the stock.
( 17
min )
U.S. equities gained at midday on Monday, Oct. 16, 2023, to start a busy week with key corporate earnings reports.
( 16
min )
Exchange-traded funds (ETFs) are ideal instruments for beginning traders and investors. Learn the seven best strategies for trading ETFs.
( 24
min )
Find out how the underground or shadow economy can affect the accuracy of the calculation of a country's gross domestic product (GDP).
( 21
min )
"Agency MBS Purchase" typically refers to the U.S. Federal Reserve's policy of purchasing certain government-backed securities.
( 22
min )
Charles Schwab reported profit that beat estimates, and said it plans to cut $1 billion in incremental annual expenses.
( 17
min )
Activist investor Starboard Value reportedly added to its stake in News Corp, and is targeting changes to Rupert Murdoch's media company.
( 17
min )
Rates on 30-year mortgages edged lower Friday, ending the week more than a quarter point lower than the week before. Rates for most other loans types were mostly steady.
( 19
min )
Trading psychology refers to the emotions and mental states that help to dictate success or failure in trading securities.
( 28
min )
Drugstore company Rite Aid filed for bankruptcy, facing slowing sales and opioid litigation. The company will also close underperforming stores according to a turnaround plan agreed upon by its key creditors.
( 17
min )
After getting engaged, I knew we needed to open a high-yield savings account to save money for the wedding. We chose Wealthfront's cash account which pays 4.80% APY.
( 19
min )
Medicare provides health coverage for older adults, while Medicaid covers healthcare costs for people with low incomes. Learn more about Medicare vs. Medicaid.
( 27
min )
Novo Nordisk agreed to buy hypertension drug ocedurenone from KBP Biosciences for up to $1.3 billion.
( 17
min )
An independent contractor is a person or entity engaged in a work performance agreement with another entity as a non-employee.
( 28
min )
Expense ratios can be higher for 401(k) accounts in comparison to standard, self-directed brokerage accounts. In this article, we'll explain why.
( 23
min )
Learn how exchange-traded funds (ETFs) distribute their dividends and the difference between qualified and non-qualified dividends.
( 25
min )
Eligible expenses for ABLE accounts are referred to as qualified disability expenses (QDEs) and cover a broad range of items and services.
( 26
min )
Tracking errors tend to be small, but they can still adversely affect your returns. Learn how to protect against them.
( 22
min )
Mutual funds and ETFs are both created from the concept of pooled fund investing which bundles securities together to offer investors the benefit of a diversified portfolio. Learn about some of the differences that make them attractive to investors.
( 24
min )
ICE LIBOR was a bank-to-bank average interest rate charged for short-term loans. Once published, it was used as a benchmark for various loans and corporate debt.
( 25
min )
Comparative advantage is becoming increasingly relevant due to globalization, and this has affected both advanced and developing economies.
( 22
min )
The current account records a country's imports and exports of goods and services, foreign investors' payments, and transfers, such as foreign aid. Learn why it matters.
( 25
min )
Understanding the differences between bond funds and bond ETFs can help investors choose the instrument that is best for building a diversified bond portfolio.
( 23
min )
De Nederlandse Voedsel- en Warenautoriteit (NVWA) heeft 46 veehouderijen uit voorzorg tijdelijk stilgelegd. De veehouderijen mogen voorlopig geen dieren, mest en melk afvoeren, omdat er op de boerderijen een bestrijdingsmiddel tegen muizen is gebruikt.
( 8
min )
De EU-landen komen nog niet tot een akkoord over de benodigde nieuwe begrotingsregels, denkt demissionair minister van Financiën Sigrid Kaag. Ze zegt dat de ministers van de 27 EU-landen er bij hun overleg deze week in ieder geval nog niet uitkomen.
( 9
min )
Beelden van geweld door Hamas en teksten die waarschuwen dat kinderen worden vermoord in Israël. Het is plotseling te zien in reclames in onschuldige telefoonspelletjes. "Laat kinderen even geen online spelletjes zoals Angry Birds spelen", zegt Justine Pardoen, oprichter van Bureau Jeugd en Media.
( 11
min )
Het verbeterplan van het Afvalfonds om meer flessen met statiegeld in te zamelen is niet goed genoeg, vindt de Inspectie Leefomgeving en Transport (ILT). De inspectie wil zien hoeveel inzamelpunten erbij komen en wil ook weten waar en wanneer.
( 9
min )
De fiscus heeft de eerste dwangbevelen gestuurd naar ondernemers die sinds de coronacrisis een belastingschuld
hebben en deze niet betalen. In sommige gevallen zijn zelfs stappen gezet om beslag te leggen op bezittingen van de bedrijven.
( 9
min )
Zo'n 60.000 ondernemers hebben een achterstand bij het betalen van hun coronaschuld aan de Belastingdienst. Dat is bijna een kwart van alle bedrijven die nog een schuld uit de coronatijd hebben openstaan bij de fiscus.
( 8
min )
Ook bij accountantskantoor Deloitte is gefraudeerd met toetsen. Bestuurslid Rob Bergmans treedt terug vanwege de voorlopige resultaten van een intern onderzoek. Eerder dit jaar is dergelijke fraude al bij branchegenoot KPMG aan het licht gekomen.
( 9
min )
Banken en andere geldverstrekkers hebben afgelopen week opnieuw hun hypotheekrentes verhoogd. Sinds enkele weken lopen de rentes op hypotheken steeds verder op. Dit komt door de aanhoudende inflatie.
( 9
min )
Een groep woningverhuurders heeft de Nederlandse Staat gedagvaard. Ze zijn het oneens met regels die de opbrengst van verhuur aan banden leggen en willen een schadevergoeding.
( 9
min )
Een groep woningverhuurders heeft de Nederlandse Staat gedagvaard. Ze zijn het oneens met regels die de opbrengst van verhuur aan banden leggen en willen een schadevergoeding.
( 9
min )
Nederlandse supermarkten hebben vis verkocht die is gemaakt met Chinese dwangarbeid. Daarbij gaat het om producten van het Britse bedrijf Nomad Foods, dat onder meer het merk Iglo op de markt brengt. Dat blijkt uit uitgebreid onderzoek van het journalistieke platform The Outlaw Ocean.
( 11
min )
Zo'n 29.000 bedrijven hebben in de afgelopen drie maanden besloten te stoppen. Dat is 7 procent meer dan een jaar eerder. Uit cijfers van de Kamer van Koophandel (KVK) blijkt ook dat het aantal faillissementen bijna is verdubbeld.
( 9
min )
Nederlandse supermarkten hebben vis verkocht die is gemaakt met Chinese dwangarbeid. Daarbij gaat het om producten van het Britse bedrijf Nomad Foods, dat onder meer het merk Iglo op de markt brengt. Dat blijkt uit uitgebreid onderzoek van het journalistieke platform The Outlaw Ocean.
( 10
min )
The headwinds are piling up on our economic horizon, just a few blurs of cloud right now, at the edge of the horizon – and we just don’t know what’s coming next. The headwinds include factors we all know about: persistent inflation, the Fed’s higher interest rates and tighter monetary policy, the tighter business and consumer credit environment, and the fast-rising government debt which at $33.57 trillion already measures 103% of the total GDP. We’ve been reading about these headwinds for severa
( 35
min )
After a rough year, shareholders will want to see signs that the company’s woes are receding in the rearview mirror.
( 22
min )
The proliferation of freight brokerages is giving truckers a lifeline. The post Freight recession unlike any other in history appeared first on FreightWaves.
( 36
min )
This week includes earnings reports from Tesla, Netflix, and Goldman Sachs.
( 17
min )
HOUSTON (Reuters) -Oil futures fell on Monday on reports the U.S. could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set in that country, while traders see the Israel-Hamas conflict not affecting crude supplies in the short term. Brent futures were down 79 cents, or 0.87%, at $90.10 a barrel at 12:01 p.m. CDT (1701 GMT). U.S. West Texas Intermediate (WTI) crude fell by 0.53 cents, or 0.6%, to $87.16 a barrel.
( 32
min )
While most low earners spend down their paychecks each month, about half of people making more than $100,000 a year also run out of money.
( 24
min )
More than 50 S&P 500 companies are set to report this week including Tesla, Netflix, TSMC, and Goldman Sachs.
( 23
min )
The Magnificent Eight punch well above their fundamental weight, thanks to premium valuation multiples.
( 20
min )
It wasn’t that long ago that BofA seemed poised to become America’s most lucrative bank. A big bet on bonds changed all that.
( 23
min )
Investors will do better in Treasury inflation-protected securities, or TIPS, versus regular Treasury bonds if inflation runs at more than 2.35%, which seems likely.
( 23
min )
Insurers have been hit by a one-two punch of natural disasters and lackluster financial markets. But there’s a silver lining: the profits and surpluses that come with rising premiums.
( 68
min )
(Bloomberg) -- The tagline from Wall Street was that 2023 was the year of the bond. Instead, fund managers are coming to terms with one of the toughest years ever.Most Read from BloombergIsrael Latest: Army Says Over 600,000 Gazans Have Fled SouthUS Pushes Bid to Avert Wider Israel War After Iran WarningIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusLacy Hunt, Hoising
( 33
min )
Gas prices across the U.S. dropped, even in notoriously expensive California, shrugging off escalating Mideast tensions and oil prices for now.
( 32
min )
Third-quarter earnings season picks up with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, Netflix, TSMC, Johnson & Johnson, and Lockheed Martin.
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You can get Social Security benefits and work at the same time. But if you haven't reached full retirement age, your benefits could be reduced.
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Find out how to determine when it's the right time for you to switch from mutual funds to ETFs, including the benefits of ETFs and who they are best for.
( 23
min )
GM and Unifor Deal Details Are Out. You Can't Blame Canada For The UAW Log Jam.
( 21
min )
(Bloomberg) -- With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to U
( 34
min )
(Bloomberg) -- With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.Most Read from BloombergIsrael Latest: Egypt Says Response Has Exceeded Self-DefenseIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusBlinken to Visit Israel Again as Lebanon
( 34
min )
Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend. The rule, published at the end of March, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting […] The post Want to Leave Assets to Heirs? IRS Rule Change Should Have You Rethinking Your Irrevocable Trust appeared first on SmartReads CMS - SmartAsset.
( 33
min )
The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort would “restore fairness to [the] tax system” by focusing on wealthy taxpayers who have seen sharp declines in audit rates over the past decade. A financial advisor […] The post The IRS Is Cracking Down on These High-Income Earners. Are You One of Them? appeared first on SmartReads by SmartAsset.
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(Bloomberg) -- Traders are preparing for another week of wild price swings as continuing conflict in the Middle East fuels demand for haven assets and prompts investors to reconsider their views on global interest rates. Most Read from BloombergIsrael Latest: US Says It’s Warned Iran in Back-Channel TalksIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusIsrael Latest: Is
( 33
min )
By Louis Juricic and Sarina Isaacs
( 34
min )
Renaissance Capital LLC’s passive IPO-focused ETFs loaded up on Palantir, Rivian, and Kenvue stock, and exited an investment in Li Auto in the third quarter.
( 20
min )
Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they contend is unconstitutional. The couple from Redmond, Washington, claim they had to pay the money because of their investment in an Indian company from which, as Charles Moore, 62, said in a sworn statement, they “have never received a distribution, dividend, or other payment.” The Moores are the public face of a high court case backed by business and conservative political interests that could call into question other parts of the U.S. tax code and rule out a much-discussed but never-enacted tax on wealth.
( 34
min )
Older relatives often have let their finances fall into disarray by the time you step in. Here's a primer on how to help right things without angering them.
( 24
min )
This week in Borderlands: Mexico remains top US trade partner in August, Laredo No. 1 gateway; Eden Green begins $40M vertical farming expansion near Dallas; Production, exports of Mexican-built trucks fall for second straight month; and Port of Brownsville receives $11.5M to overhaul cargo dock. The post Borderlands: Mexico top US trade partner in August, Laredo No. 1 gateway appeared first on FreightWaves.
( 34
min )
Individual investors are dialing back on risks across markets.
( 27
min )
Surging interest expenses are wiping out profits for some issuers of risky loans.
( 27
min )
Sales growth has slowed in the U.S. as car companies are finding a limited pool of consumers willing to pay more for these models.
( 27
min )
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla reaches a production milestone; OSHA violations plague GM plant; and VinFast buys a battery company.
( 33
min )
Eli Lilly (LLY) shares are reaching new heights, up 67% in 2023. Consistent buy pressure is lifting the stock.
( 32
min )
Vertex Pharmaceuticals (VRTX) shares are climbing, up 28% in 2023. Consistent buy pressure is lifting the shares.
( 32
min )
Novo Nordisk (NVO) shares are surging, up 51% in 2023. While the company recently raised its guidance due to Ozempic and Wegovy, mega demand for the stock is powering the surge.
( 32
min )
The first is how much the conflict in the Middle East could escalate and what it might mean for supplies in the world's top oil producing region. Crude prices got to finish the just-ended week up as much as 7%, after somewhat of a roller-coaster. An initial 4% gain on Monday from concerns over the latest Middle East war was pared to just 1% by Thursday from data showing the worst weekly US crude build in eight months, on top of record production.
( 37
min )
Is a 3% cash discount enough to make people ditch credit cards and payment apps?
( 27
min )
The accounting rate of return (ARR) is a formula that measures the net profit, or return, expected on an investment compared to the initial cost.
( 26
min )
Custom basket ETFs are exchange-traded funds taking advantage of the SEC’s “ETF Rule” passed in 2019. Learn more here.
( 22
min )
ETFs offer more convenient ways to access the many benefits of covered call strategies, such as lower volatility.
( 22
min )
Learn about the difference between an index fund and an exchange-traded fund, or ETF, and how index fund investing compares to value investing.
( 22
min )
Discover four viable hedging strategies with index-based ETFs, including the use of inverse and leveraged funds, as well as call writing and buying puts.
( 23
min )
Can some experts possibly be right about Americans saving too much for our own good?
( 26
min )
Net foreign factor income (NFFI) is the difference between a nation’s gross national product (GNP) and gross domestic product (GDP).
( 20
min )
Communism and socialism are political and economic systems that are historically related but often confused with each other. Here's how they compare.
( 27
min )
The Old-Age and Survivors Insurance Trust Fund is a U.S. Treasury account that pays Social Security benefits to retired workers, their survivors, and eligible children.
( 25
min )
Japan's negative interest rate policy has failed to generate economic growth, but the central bank keeps trying to print up prosperity.
( 23
min )
You can get Social Security benefits and work at the same time. But if you haven't reached full retirement age, your benefits could be reduced.
( 29
min )
Find out how to determine when it's the right time for you to switch from mutual funds to ETFs, including the benefits of ETFs and who they are best for.
( 23
min )
Learn more about Medicare Part D, which is a prescription drug benefit program offered as part of Medicare.
( 26
min )
Property, plant, and equipment (PP&E) are long-term assets vital to business operations and not easily converted into cash.
( 26
min )
Medicare is a U.S. government program providing health insurance mostly to people 65 and older.
( 30
min )
The massive Baby Boomer generation is now retiring in droves. Will they bankrupt the Social Security system?
( 25
min )
Actor and comedian Kevin Hart has made millions from his comedy career, business ventures, and investments, giving him a net worth of about $450 million.
( 20
min )
The number of 'centi-millionaires' worldwide has more than doubled in the last 20 years, with 38% of them living in the U.S. and 775 based in New York City.
( 18
min )
The Canada Revenue Agency (CRA) or Agence du revenu du Canada is a federal agency that collects taxes and administers tax laws for the Canadian government.
( 21
min )
Each is different in their own way, but which system is better: the currency board or the central bank? Find out more about these systems in this article.
( 25
min )
ETFs have lower costs than index funds, but the cost to buy and sell can be more expensive.
( 22
min )
TikTok heeft naar eigen zeggen actie ondernomen bij het bestrijden van nepnieuws en haatzaaiende berichten rond het conflict in Israël. De videoapp reageert daarmee op een eis van Eurocommissaris Thierry Breton.
( 8
min )
De rente op studieschulden is met ruim 2,5 procent veel hoger dan de afgelopen jaren. Is dat reden voor extra haast met aflossen ? Of loont het om juist langzaamaan te doen? Experts wijzen op dat je gevoel het belangrijkst is.
( 9
min )
De Wereldbank is onder de nieuwe president Ajay Banga een nieuwe richting ingeslagen. Die indruk heeft vertrekkend Wereldbank-bewindvoerder Koen Davidse.
( 10
min )
Vakbond FNV organiseert dinsdag 24 oktober een landelijke stakingsdag in de houthandel voor een nieuwe en betere cao. De bond roept verder voor komende maandag op tot werkonderbrekingen in Zuid-Holland en Zeeland.
( 8
min )
NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Vandaag gaat het over de wegwerpbeker die per januari verboden is. Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen. Oplossingen zijn mogelijk inruilbekers, meer vaatwassers en gratis herbruikbare flesjes. Wat lijkt jou een goed alternatief? Of neem je nu al een herbruikbare fles of mok mee als je de deur uitgaat?
( 7
min )
Vandaag start een internationaal onderzoek naar het zeewater en de grond rondom Fukushima. Japan loost hier sinds afgelopen zomer afvalwater van de verwoeste kerncentrale in de Stille Oceaan. En daar is niet iedereen over te spreken.
( 9
min )
NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Vandaag gaat het over de wegwerpbeker die per januari verboden is. Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen. Oplossingen zijn mogelijk inruilbekers, meer vaatwassers en gratis herbruikbare flesjes. Wat lijkt jou een goed alternatief? Of neem je nu al een herbruikbare fles of mok mee als je de deur uitgaat?
( 7
min )
China schendt op grote schaal mensenrechten in de visserij-industrie. Personeel aan boord van vissersboten en in de verwerkingsfabrieken, onder wie Oeigoeren en Noord-Koreanen, heeft te maken met mensenhandel, geweld en dwangarbeid. Daarbij vallen zelfs doden, blijkt uit onderzoek van journalisten van The Outlaw Ocean Project.
( 10
min )
Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen als die per januari verboden is, blijkt uit een rondgang van NU.nl. Onderwijsinstellingen hebben juist al wat ervaring opgedaan: "De mokkendiefstal neemt af."
( 13
min )
China schendt op grote schaal mensenrechten in de visserij-industrie. Personeel aan boord van vissersboten en in de verwerkingsfabrieken, onder wie Oeigoeren en Noord-Koreanen, heeft te maken met mensenhandel, geweld en dwangarbeid. Daarbij vallen zelfs doden, blijkt uit onderzoek van journalisten van The Outlaw Ocean Project.
( 10
min )
A genuine progress indicator (GPI) is a metric that measures the economic growth of a country. It is an alternative to gross domestic product (GDP).
( 24
min )
Exchange traded products (ETPs) are types of securities that track underlying securities, an index, or other financial instruments. ETPs trade on exchanges similar to stocks.
( 22
min )
An international exchange-traded fund (ETF) is any ETF that invests in foreign-based securities.
( 22
min )
Women are investing and saving for retirement at higher rates, with younger generations of women leading recent gains, Fidelity found.
( 18
min )
An exchange-traded fund (ETF) is a basket of securities that tracks an underlying index. ETFs can contain investments such as stocks and bonds.
( 39
min )
Despite beating on profit, Domino's Pizza (DPZ) posted weaker-than-expected revenue for its third quarter as inflation-weary customers pulled back on ordering pizza.
( 18
min )
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.
( 28
min )
A decade after the financial crisis, Neel Kashkari, the man who oversaw TARP, answers questions on lessons learned.
( 23
min )
Handelsgesetzbuch is a law that governs the commercial code for German companies and includes regulations on the preparation of financial statements.
( 23
min )
There are at least four factors that affect change in futures prices, including risk free-interest rates, particularly in a no-arbitrage environment.
( 25
min )
The Conference Board (CB) is a not-for-profit research organization which distributes vital economic information to its peer-to-peer business members.
( 28
min )
Insurers have been hit by a one-two punch of natural disasters and lackluster financial markets. But there’s a silver lining: the profits and surpluses that come with rising premiums.
( 68
min )
(Bloomberg) -- Bond traders got a glimpse this week of what the eventual end of the Federal Reserve’s hiking cycle may look like.Most Read from BloombergIsrael Latest: Military Says It’s Preparing Wide Assault on GazaIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerYour Guide to Understanding the Roots of the Israel-Hamas WarWider War in Middle East Could Tip the World Economy Into RecessionAmid volatile trading conditi
( 33
min )
Nvidia offers luxurious office spaces in which employees can gather, but there's no return-to-office mandate.
( 34
min )
The refinery that supplies much of Scotland and northern England’s petrol and diesel could be at risk of cutbacks or even closure if Labour pushes ahead with plans to ban new oil and gas projects in the North Sea, its owners have warned.
( 34
min )
Prices at the pump are tumbling, even as war rages in the Middle East.
( 27
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Hundreds of billions of dollars have been invested worldwide. Here’s what you need to know about how much the technology has, and hasn’t, changed things.
( 29
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(Bloomberg) -- Investors are growing more confident that a year-long slump in profits for Corporate America is about to end. Yet a fragile economic outlook, wary consumers and the highest interest rates in 16 years mean any relief for stocks could be short-lived.Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Rockets Target Tel Aviv; Hezbollah Claims StrikeIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Hel
( 35
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(Bloomberg) -- With the Securities and Exchange Commission opting against appealing a ruling that paves the way for Grayscale Investments LLC to convert its Bitcoin trust into an exchange-traded fund, analysts are now trying to gauge how the process may unfold from here. Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Rockets Target Tel Aviv; Hezbollah Claims StrikeIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican
( 32
min )
(Bloomberg) -- Federal Reserve officials look set to hold interest rates steady for the second time in a row next month — but they’re far from calling an end to their tightening campaign.Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Blinken Says Must Stop Conflict From SpreadingWider War in Middle East Could Tip the World Economy Into RecessionNYC Boosts Security Ahead of ‘All O
( 34
min )
Mortgage assumption allows the seller of a home to pass along to the buyer an existing home loan, negotiated earlier at low interest rates.
( 32
min )
There is a long history of legendary CEO returns, but more companies have regretted them than rejoiced.
( 27
min )
(Bloomberg) -- Igor Sechin, the boss of Russia’s state oil company and longtime associate of Vladimir Putin, celebrated New Year’s Eve on a yacht anchored off Palm Jumeirah, the man-made Dubai island dotted with oligarch-friendly beachfront villas. Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerYour Guide to Understanding the Roots of th
( 40
min )
The agency is targeting partnerships with more than $10 million in income and individuals with more than $1 million in income and $250,000 of tax debt.
( 24
min )
India said on Saturday it will maintain the floor price for basmati rice exports until further notice, according to a government order, as the world’s biggest exporter continues to curb overseas shipments of the grain. India imposed a $1,200 per ton minimum export price (MEP) on basmati rice shipments in August to calm local prices ahead of key state elections. A government order on Saturday said it would maintain the MEP, initially in place until Sunday, until further notice.
( 31
min )
A wager against U.S. shopping malls looked like a sure thing but hasn’t worked out that way.
( 28
min )
UAW workers are striking for better pay, among other benefits. Here's a look at how UAW hourly wages compare with other workers in striking states.
( 33
min )
Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the volatility of bitcoin and other tokens renders them impractical for commerce. Patchy regulation and high energy usage have also prevented the spread of crypto as a means of payment.
( 33
min )
Conflict in the Middle East, surging global interest rates and elevated oil prices threaten a fragile recovery.
( 28
min )
Apple Inc. is facing an expanded lawsuit with more than three dozen victims alleging that Apple's AirTag the "weapon of choice" for stalkers and abusers.
( 33
min )
Despite banks continuing to see benefits of high rates, worries about deposit costs and consumer credit still lurk.
( 27
min )
Aardappeltelers op bepaalde typen grond (zand en löss) moeten zondag toch echt hun aardappels hebben geoogst, willen ze strafmaatregelen voorkomen. Veel boeren zeggen dat hun gewassen meer tijd nodig hebben.
( 10
min )
Het aantal bedrijven dat failliet is gegaan is afgelopen jaar flink toegenomen. Voor werknemers zorgt een faillissement voor een onzekere tijd. Ze verliezen hun baan en daarmee hun inkomen. Wat zijn hun rechten?
( 10
min )
Heb je nu een DSL-internetabonnement van bijvoorbeeld Youfone of Odido en legt KPN glasvezel bij je aan? Dan ben je binnenkort waarschijnlijk een stuk duurder uit. De goedkopere internetabonnementen zijn niet verkrijgbaar op het glasvezelnetwerk van KPN.
( 10
min )
Steeds meer woningen in Nederland zijn voor internet, televisie en telefonie aangesloten op een glasvezelnetwerk. Maar er zijn regionale prijsverschillen voor glasvezelabonnementen. Wat je voor je abonnement betaalt, is afhankelijk van de glasvezelkabel die naar jouw huis is aangelegd.
( 10
min )
De Europese Unie is niet van plan zich economisch los te maken van China. Brussel wil minder afhankelijk worden van het Aziatische land, maar de handelsbelangen zijn te groot, zei EU-buitenlandchef Josep Borrell.
( 9
min )
Ferrari accepteert vanaf nu cryptomunten als betaalmiddel bij de verkoop van zijn luxe sportauto's. Voortaan kunnen klanten in de Verenigde Staten met de digitale munten betalen. Begin volgend jaar zou dit ook in Europese landen mogelijk moeten zijn.
( 9
min )
Het aantal bedrijven dat failliet is gegaan is afgelopen jaar flink toegenomen. Voor werknemers zorgt een faillissement voor een onzekere tijd. Ze verliezen hun baan en daarmee hun inkomen. Wat zijn hun rechten?
( 9
min )
Aan de periode waarin de lonen alsmaar harder omhooggaan lijkt een einde gekomen. President Klaas Knot van De Nederlandsche Bank ziet de "eerste signalen van afnemende loondruk".
( 10
min )
Sinds Wehkamp 50 cent per geretourneerd artikel vraagt, krijgt de webwinkel vijfduizend producten per dag minder terug. Wehkamp gaat ook klanten stimuleren om een bestelling bij een afhaalpunt van DHL op te halen door 50 cent te rekenen voor bezorging thuis. Hoeveel geld heb jij er voor over om je bestelling retour te sturen? En zou jij je pakketje bij een afhaalpunt laten leveren als thuisbezorgen geld kost? Praat mee.
( 8
min )
De rente op studieleningen gaat flink stijgen. Maar wat betekent dit nou in de praktijk voor jouw studieschuld?
( 3
min )
When looking at third-quarter earnings “beats” and “misses” don't forget to think about the bigger picture.
( 24
min )
New car prices have risen and interest rates have spiked. That means car purchases are taking a larger share of household budgets. That’s not good for buyers or investors.
( 35
min )
Fed members seem to have woken up to the potential impact higher bond yields can have on the stock market. A pivot may be coming.
( 19
min )
Strong earnings and reduced valuations could propel tech stocks higher, lifting the broad market in the seasonally strong fourth quarter.
( 26
min )
Here are some of the major companies whose stocks moved on the week’s news.
( 27
min )
US crude oil production surged to a record high of 13.2 million barrels a day, above the prior record of 13.1 million hit in February 2020.
( 33
min )
Covid-19 product sales are expected to dry up.
Pfizer said Friday it is cutting its guidance for the year by $9 billion due to changes in expected sales of its Covid-19 vaccine and treatment Paxlovid.
Pfizer lowered its guidance to between $58 billion and $61 billion from between $67 billion and $
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min )
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The best available nationwide CD rate today jumped to 6.50% for an eight-month term, although only for a maximum deposit of $5,000.
( 20
min )
Pfizer Inc on Friday cut forecast for 2023 revenue to between $58 billion and $61 billion, from $67 billion to $70 billion previously. Shares of the company were down about 7% in extended trading. The company also cut its forecast for revenue from its COVID pill Paxlovid to about $7 billion from a prior forecast of $8 billion.
( 31
min )
After two years co-piloting the biggest acquisition in video game history past an onslaught of challenges, Xbox CEO Phil Spencer now moves on to his next quest: making Microsoft's takeover of Activision Blizzard worth the hassle. Microsoft, which owns the Xbox gaming system, closed its $69 billion deal to buy game-maker Activision Blizzard on Friday after fending off global opposition from antitrust regulators and rivals. It marks a career-defining moment for Spencer, who first joined Microsoft as an intern in 1988 and has helmed Xbox since 2014.
( 35
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Gold was having a meh year until Hamas tacked Israel. Here’s what could drive prices higher, according to one metals watcher. Plus, market newsletter commentary on interest rates, bank downgrades, and small-cap dividends.
( 24
min )
Higher interest rates are making lending by the nation’s largest banks more profitable, while consumers and the economy remain surprisingly strong in the face of rate hikes.
( 31
min )
In the largest tax audit in U.S. history, the IRS rejected Microsoft’s efforts to assign profits to a small factory in Puerto Rico.
( 34
min )
Open enrollment for Medicare opens Sunday, and seniors could have dozens of options. During the enrollment period, which ends Dec. 7, people will have the opportunity to choose between traditional Medicare and privately run Medicare Advantage plans in their area, as well as prescription drug plans. The non-profit KFF analyzed a national survey of people with Medicare and found that only about a third compared their coverage options during a recent enrollment period.
( 31
min )
(Bloomberg) -- Japan’s Finance Minister Shunichi Suzuki sent a warning shot to investors on Friday, relating that he had told his Group of 20 counterparts that there will be cases when appropriate responses are required in foreign exchange markets. Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerNYC Boosts Security Ahead of ‘All Out for Palestine’ ProtestWider War in Middle East Could Tip the Wo
( 32
min )
Policies can have a ripple effect, often going beyond their initial intent. We’re seeing this now from the Federal Reserve, which has made it clear that, in response to stubbornly persistent inflation, it will be holding interest rates higher for longer. This trend aligns with observations made by David Kostin, Chief US Equity Strategist at Goldman Sachs. Kostin points out that stocks have shown a strong return on equity (ROE) over the past several decades, reflecting a positive combination of p
( 35
min )
Ford Motor is considering cutting a work shift at the plant where it builds its electric F-150 Lightning pickup as demand for the EV truck falters.
( 28
min )
Microsoft's success could embolden other big technology companies seeking a better foothold in videogames.
( 17
min )
Medicare premiums will rise by 6% in 2024, taking a bite out of Social Security's 3.2% cost of living adjustment. See what you'll be paying.
( 33
min )
JPMorgan's wider unrealized bond losses may indicate that Bank of America's could top $130 billion when the bank reports its third quarter next week.
( 22
min )
BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.
( 32
min )
(Bloomberg) -- The rout in the US government bond market can be attributed to the absence of all of its anchors, according to Mohamed El-Erian.Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Saudis Pause Israel Normalization in Blow to USIsrael Latest: UN Staff Given Evacuation Order for Northern GazaJeff Bezos Buys His Florida Neighbor’s Mansion for $79 MillionVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice Actor“We have lost th
( 32
min )
“Last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships," Dimon warned.
( 34
min )
BofA Global Research analyst Vivek Arya reiterated his "Top Pick" Buy rating for the stock and reaffirmed his target of $650 for the price.
( 16
min )
Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
( 34
min )
The Internal Revenue Service has determined that the software giant owes the U.S. Treasury $28.9 billion in back taxes. Here's what happens next.
( 19
min )
UAW President Shawn Fain says the strike against the Detroit Three auto makers wasn't expanded, but it isn't done yet.
( 25
min )
A tumble in LVMH stock this week has reduced the wealth of Bernard Arnault, who controls the luxury giant. Jeff Bezos could soon overtake him.
( 17
min )
It wasn’t that long ago that BofA seemed poised to become America’s most lucrative bank. A big bet on bonds changed all that.
( 23
min )
(Bloomberg) -- Morgan Stanley’s Mike Wilson sees a rebound in earnings in the latter half of 2024 but for now his message to investors — stick to the stock picker’s playbook as things are going to get worse before they get better.Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerWider War in Middle East Could Tip the World Economy Into RecessionNYC Boosts Security Ahead of ‘All Out for Palestine’
( 33
min )
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The average rate on a 30-year mortgage jumped back up Thursday to 8.10%. The increase comes after two days of drops that lowered the 30-year benchmark rate to below 8.00%.
( 20
min )
Gas prices rose to their highest peak since February on Friday as the conflict in the Middle East deepens and households prepare for a period of cold weather.
( 32
min )
(Bloomberg) -- A changing of the guard among the biggest buyers of US Treasuries has Wall Street veterans bracing for further pain in the world’s largest bond market.Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Palestinians Flood South After Evacuation OrderIsrael Latest: UN Staff Given Evacuation Order for Northern GazaVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice ActorJeff Bezos Buys His Florida Neighbor’s Mansion for $79
( 35
min )
The only certainty is change, and that’s on investors’ minds today, now that the latest inflation data is out. The Bureau of Labor Statistics reported a month-over-month gain in consumer prices, the CPI, of 0.4%, and an annualized CPI rate of 3.7%. The annualized rate was flat from August, and both figures were unfavorable compared to the expectations, which ere 0.3% and 3.6% respectively. These data points come as economic headwinds are piling up. Oil prices are rising along with the heat in th
( 35
min )
Netflix downgraded, Applied Materials upgraded: Wall Street's top analyst calls
( 34
min )
The U.S. Securities and Exchange Commission is set on Friday to adopt new rules that will increase transparency of short-selling, the controversial practice of betting against stocks that drew new scrutiny amid the GameStop saga. The rules will require investors to report their short positions to the agency and for companies that lend out shares to report that activity to the Financial Industry Regulatory Authority (FINRA), a self-regulatory body that polices brokers. The SEC's five commissioners will vote on the rules, which were first proposed in late 2021 and early 2022, on Friday morning.
( 32
min )
The companies completed the $75 billion deal after a lengthy struggle with regulators.
( 29
min )
Earnings per share rise to $1.89 from 20 cents in the same quarter a year earlier. The consensus call on Wall Street was for a profit of $1.72.
( 13
min )
Most young Americans have cut their spending in response to persistent inflation over the past year, a Bank of America survey showed on Friday. Seventy three percent of Gen Z consumers between the ages of 18 and 26 have changed their lifestyles because of increased prices, according to a Bank of America poll of more than 1,100 respondents. "Gen Zers are definitely looking for ways to improve their financial health," said Holly O'Neill, president of retail banking at Bank of America told Reuters.
( 32
min )
The lender earned a profit of $1.57 billion, or $3.60 per share, compared to $1.64 billion, or $3.78 per share, from a year earlier. Analysts had estimated a profit of $3.11 per share, according to LSEG IBES data.
( 32
min )
With volatile commodity prices, energy stocks can see wild swings from time to time. But investors don't necessarily have to actively trade stocks to make money in the sector. They can also collect dividends. With the right dividend stocks, investors can bypass the stress and uncertainty associated with attempting to time the market, all while benefiting from a passive income stream. Business magnate John D. Rockefeller once said, "Do you know the only thing that gives me pleasure? It's to see m
( 33
min )
(Bloomberg) -- Shares of Boeing Co. and its top supplier fell on a report that the planemaker is expanding inspections of production flaws in 737 Max aircraft, a move that could further delay deliveries of the workhorse jet. Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: UN Staff Given Evacuation Order for Northern GazaIsrael Latest: Mideast Rallies Grow as Gaza Crisis WorsensVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice Actor
( 32
min )
The world faces its most “dangerous time” in decades, the boss of JP Morgan has warned as global conflicts combine with fragile economies.
( 47
min )
Citigroup profit and revenue both rose, topping expectations in its third quarter. Here are the highlights:
Profit rose 2% to $3.55 billion, or $1.63 per share. Analysts had expected $1.23 per share.
Revenue rose 9% to $20.14 billion. Analysts had expected $19.27 billion.
In its markets opera
( 24
min )
Citigroup's profit was broadly steady in the third quarter, fueled by rising interest payments and surging investment banking fees. The bank's net income rose to $3.5 billion from a year ago, it reported on Friday, while earnings per share remained stable at $1.63, exceeding the consensus estimate of $1.21 by analysts polled by LSEG. Revenue at Citi's institutional clients group that houses its Wall Street operations increased 12% from a year ago, fueled by a jump in investment banking fees.
( 32
min )
A problem over the specification of holes on the 737 MAX has worsened. It means more work which slows down deliveries. That isn't what investors want to hear.
( 18
min )
UAW President Shawn Fain will update members, and investors, on Friday about the state of labor negotiations with the Detroit Three auto makers. Investors will be looking for clues about how this strike might end.
( 23
min )
JPMorgan Chase has avoided the worst effects of rapidly rising interest rates, which have hit peers.
( 23
min )
Wells Fargo kicked off earnings this morning, showing the biggest banks continue to rake in hefty profits.
Here are the highlights:
The San Francisco-based bank earned $5.77 billion in the third quarter, up 61% from $3.59 billion [a year earlier](https://wsj.com/livecoverage/stock-market-news-to
( 24
min )
Earnings from JPMorgan Chase and Wells Fargo top estimates, UnitedHealth's adjusted earnings beat forecasts, Microsoft's $75 billion acquisition of Activision Blizzard is approved by U.K. regulators, and Dollar General's former CEO will be coming out of retirement to lead the discount retailer.
( 23
min )
The world’s largest money manager posted third-quarter earnings per share of $10.91, up from $9.55 a year earlier and better than the $8.34 expected by Wall Street analysts.
( 15
min )
Chinese drone maker EHang Holdings gained safety approval certification from China's aviation authority, bringing its unmanned passenger copters one step closer to commercial use, the Guangzhou-based company announced on Friday. The 'type certification' from the Civil Aviation Administration of China (CAAC) is for EHang's 216-S model, a 16-rotor drone that can carry two passengers at speeds of 130 kilometres an hour at a max range of 30 kilometres. An individual vehicle costs 2.16 million yuan ($296,000).
( 32
min )
Shares in Chinese e-commerce giant JD.com fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates. JD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's main online shopping festival, Singles' Day.
( 32
min )
(Bloomberg) -- The rally in Asian equities halted as Treasury yields surged after US inflation data bolstered bets on Federal Reserve rate hikes. The latest data on continued weakness in China’s economy added to the gloom.Most Read from BloombergIsrael Latest: UN Staff Given Evacuation Order for Northern GazaTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Hamas Leaders Targeted as Ground War LoomsScalise Ends House Speaker Bid, Deepening Republican TurmoilGhost in
( 34
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
( 26
min )
The S&P 500 fell 0.5% on Friday, Oct. 13, 2023, amid concerns about the escalation of the conflict in Israel and a drop in October consumer sentiment.
( 16
min )
The best available nationwide CD rate today jumped to 6.50% for an eight-month term, although only for a maximum deposit of $5,000.
( 19
min )
Novo Nordisk raised its full-year outlook again as demand soars for its Ozempic and Wegovy weight-loss treatments.
( 16
min )
Demand for the 30-Year Treasury Bond at this week's auction was at its lowest levels since December 2021 as yields came in at the highest levels since 2007
( 17
min )
Kaiser Permanente and the Coalition of Kaiser Permanente Unions reached a tentative agreement on Friday after a three-day strike by 75,000 employees.
( 17
min )
Dollar General shares soared as the discount retailer brought back its former CEO while struggling to recover from its recent slump.
( 17
min )
Three large U.S. banks kicked off the third-quarter earnings season in positive fashion. But they cautioned that mounting challenges loom, and pockets of their business exhibit stress.
( 18
min )
Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned.
( 24
min )
Principal investing happens when firms use their funds for potential profit rather than acting as brokers. A direct approach to wealth building.
( 22
min )
Dynamic Midpoint Extended Life Order (M-ELO) Is an AI-Powered Order Type Paired with Machine Learning
( 23
min )
Keith Gill, known online as Roaring Kitty, is largely credited for spiking the GameStop surge in late 2020.
( 21
min )
U.S. equities fell at midday on Friday, Oct. 13, 2023 after a report showed consumer sentiment fell more than expected on inflation concerns.
( 16
min )
UnitedHealth's Q3 results beat expectations and the company raised the lower end of its full-year guidance, boosting the company's stock to its highest level in 10 months.
( 16
min )
BlackRock's net outflows increased in the third quarter but CEO Larry Fink said the company expects more money coming in from clients once interest rates stabilize.
( 17
min )
The metaverse is a term for digital worlds where you can make real money. Learn how to make money in the metaverse through digital real estate, creating items, and other methods.
( 22
min )
Carbon capture and storage (CCS) is a process for trapping carbon dioxide (CO2), a harmful greenhouse gas, and sequestering it, typically deep underground.
( 25
min )
What are the best U.S. cities for finance workers to live in? Here are 15 places to call home that allows workers to maximize pay and job opportunities.
( 23
min )
The United Auto Workers union said it will no longer be announcing strike expansions on Friday and is prepared to launch surprise walkouts throughout the week.
( 17
min )
A reverse stock split consolidates the number of existing shares of corporate stock into fewer, proportionally more valuable, shares.
( 26
min )
The preliminary index fell 7.5% to come in at 63, below the 67.4 figure that analysts were expecting.
( 17
min )
Medigap, also called Medicare Supplement Insurance, is private health insurance coverage designed to pay for costs not covered by Original Medicare.
( 25
min )
As electric vehicle sales surge in the U.S., Tesla's dominance of the lucrative market is slipping as new competitors, including both EV startups and legacy automakers, gain market share.
( 19
min )
The average rate on a 30-year mortgage jumped back up Thursday to 8.10%. The increase comes after two days of drops that lowered the 30-year benchmark rate to below 8.00%.
( 20
min )
Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
( 32
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
( 25
min )
The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
( 27
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
( 30
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
( 18
min )
Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
( 18
min )
Microsoft's $69 billion acquisition of video game maker Activision Blizzard was cleared by the Competition and Markets Authority in the U.K.
( 17
min )
Citigroup (C)'s third quarter profit rose more than expected as revenue grew at a faster clip, even though some of that growth was offset by higher expenses.
( 17
min )
Donating to charity is a great way to show your giving spirit and save money on your taxes at the same time.
( 25
min )
Communism is an ideology that advocates a classless system in which the means of production are owned communally.
( 27
min )
Capitalism is an economic system in which monetary goods are owned by individuals or companies, and workers earn only wages.
( 32
min )
JPMorgan Chase’s (JPM) third quarter profits jumped 35% year-over-year to $13.2 billion, or $4.33 per share as rising rates boosted net interest income. Shares of the largest U.S. bank by assets were flat in pre-market trading.
( 17
min )
De prijzen van kaartjes voor het openbaar vervoer hoeven volgend jaar niet omhoog. Het demissionaire kabinet trekt daarvoor 420 miljoen euro uit, waar de Tweede Kamer om heeft gevraagd.
( 8
min )
De prijzen van kaartjes voor het openbaar vervoer hoeven volgend jaar niet omhoog. Het demissionaire kabinet trekt daarvoor 420 miljoen euro uit, waar de Tweede Kamer om heeft gevraagd.
( 8
min )
De nieuwe Amerikaanse ruimtesonde Psyche is vrijdagmiddag met succes gelanceerd. Daarmee is een reis van zes jaar begonnen naar een mysterieuze planetoïde die ook Psyche is genoemd. Mogelijk zijn daar antwoorden te vinden over het ontstaan van ons zonnestelsel.
( 9
min )
Binnen de Europese Unie is vrijdag geen meerderheid opgestaan om een knoop door te hakken over glyfosaat. In november krijgen de lidstaten nog één kans om te stemmen. Daarna ligt het lot van het bestrijdingsmiddel in handen van de Europese Commissie.
( 9
min )
Binnen de Europese Unie is er vrijdag niet genoeg steun om het bestrijdingsmiddel glyfosaat te verbieden. In november krijgen de lidstaten nog één kans om te stemmen. Daarna ligt het lot van de omstreden onkruidverdelger in handen van de Europese Commissie.
( 9
min )
De prijzen op de Europese aardgasmarkt stijgen snel. Een lekke pijpleiding, een gesloten gasveld in Israël en een staking in Australië laten de prijzen vrijdag stijgen tot het hoogste niveau sinds februari van dit jaar.
( 9
min )
De prijzen op de Europese aardgasmarkt stijgen snel. Een lekke pijpleiding, een gesloten gasveld in Israël en een staking in Australië laten de prijzen vrijdag stijgen tot het hoogste niveau sinds februari van dit jaar.
( 9
min )
In het Verenigd Koninkrijk komt eind dit jaar een eerste serie ponden en pence met koning Charles erop in omloop. In het nieuwe ontwerp wordt Charles' aandacht voor de natuur weerspiegeld. Op de munten staan eekhoorns, bijen en andere dieren.
( 9
min )
De overname van gameontwikkelaar Activision Blizzard door Microsoft lijkt echt te gaan plaatsvinden. Ook de Britse toezichthouder heeft er nu mee ingestemd. Dat was het laatste obstakel.
( 9
min )
Acht personen in Nederland hebben taakstraffen gekregen vanwege betrokkenheid bij de bouw van de Krimbrug. Ook hebben Nederlandse bedrijven geldboetes gekregen voor het leveren van goederen en hulp. Zij hebben de Europese sancties tegen Rusland ondermijnd, oordeelt justitie.
( 10
min )
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